LSV Asset Management lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,383,091 shares of the technology company’s stock after acquiring an additional 692,174 shares during the quarter. LSV Asset Management owned approximately 1.27% of Hewlett Packard Enterprise worth $196,269,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Cambridge Trust Co. boosted its stake in Hewlett Packard Enterprise by 3.3% in the 2nd quarter. Cambridge Trust Co. now owns 20,727 shares of the technology company’s stock valued at $275,000 after purchasing an additional 668 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Hewlett Packard Enterprise by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,300 shares of the technology company’s stock valued at $2,675,000 after purchasing an additional 780 shares during the period. TRUE Private Wealth Advisors boosted its stake in Hewlett Packard Enterprise by 5.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock valued at $199,000 after purchasing an additional 794 shares during the period. International Assets Investment Management LLC boosted its stake in Hewlett Packard Enterprise by 2.8% in the 1st quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock valued at $499,000 after purchasing an additional 808 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Hewlett Packard Enterprise by 66.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,062 shares of the technology company’s stock valued at $25,000 after purchasing an additional 821 shares during the period. 81.36% of the stock is currently owned by institutional investors.
Insider Activity at Hewlett Packard Enterprise
In related news, CFO Tarek Robbiati sold 102,138 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total transaction of $1,634,208.00. Following the sale, the chief financial officer now owns 31,183 shares in the company, valued at approximately $498,928. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Phil Mottram sold 3,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $16.50, for a total transaction of $49,516.50. Following the transaction, the executive vice president now directly owns 35,046 shares of the company’s stock, valued at approximately $578,259. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tarek Robbiati sold 102,138 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total value of $1,634,208.00. Following the transaction, the chief financial officer now directly owns 31,183 shares in the company, valued at $498,928. The disclosure for this sale can be found here. Insiders have sold a total of 255,324 shares of company stock worth $4,173,313 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of NYSE HPE remained flat at $16.14 during trading on Monday. The company’s stock had a trading volume of 532,294 shares, compared to its average volume of 13,350,289. The company has a 50 day simple moving average of $16.11 and a two-hundred day simple moving average of $14.54. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.76. The company has a market cap of $20.69 billion, a PE ratio of 24.45, a P/E/G ratio of 2.56 and a beta of 1.22. The company has a current ratio of 0.88, a quick ratio of 0.66 and a debt-to-equity ratio of 0.39.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.62). Hewlett Packard Enterprise had a net margin of 3.05% and a return on equity of 4.26%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.42 billion. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.45 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Wednesday, December 14th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.97%. Hewlett Packard Enterprise’s payout ratio is 72.73%.
Analysts Set New Price Targets
Several research firms recently issued reports on HPE. Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $15.00 to $16.00 in a research note on Wednesday, November 30th. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, November 30th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $14.00 to $17.00 in a report on Monday, December 5th. JPMorgan Chase & Co. lifted their price objective on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 20th. Finally, KGI Securities cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.00.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
Further Reading
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