SG Americas Securities LLC raised its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 35.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 645,593 shares of the technology company’s stock after buying an additional 168,337 shares during the quarter. SG Americas Securities LLC’s holdings in Hewlett Packard Enterprise were worth $13,667,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB increased its position in Hewlett Packard Enterprise by 12.3% during the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Hewlett Packard Enterprise by 56.1% during the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after buying an additional 232,150 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after acquiring an additional 196,112 shares during the last quarter. Finally, Guidance Capital Inc. purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $931,000. 80.78% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Stock Up 0.2 %
Shares of NYSE HPE traded up $0.03 during mid-day trading on Friday, hitting $17.34. The company had a trading volume of 7,352,755 shares, compared to its average volume of 15,383,503. The company has a market capitalization of $22.54 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The business’s 50-day simple moving average is $20.18 and its 200 day simple moving average is $18.03. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the company earned $0.32 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.00%. Hewlett Packard Enterprise’s payout ratio is 37.96%.
Insider Transactions at Hewlett Packard Enterprise
In other news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. In the last three months, insiders sold 140,141 shares of company stock valued at $2,850,108. Insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. UBS Group upped their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Evercore ISI increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Susquehanna lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.08.
Read Our Latest Stock Analysis on HPE
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
See Also
Receive News & Ratings for Hewlett Packard Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.
