M&G Investment Management Ltd. reduced its position in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 92.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,276 shares of the technology company’s stock after selling 779,448 shares during the quarter. M&G Investment Management Ltd.’s holdings in Hewlett Packard Enterprise were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. Fifth Third Bancorp raised its holdings in Hewlett Packard Enterprise by 2.4% during the fourth quarter. Fifth Third Bancorp now owns 27,874 shares of the technology company’s stock valued at $445,000 after acquiring an additional 645 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Hewlett Packard Enterprise by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,023 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 721 shares in the last quarter. Strategic Wealth Advisors Group LLC boosted its stake in Hewlett Packard Enterprise by 3.6% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 22,249 shares of the technology company’s stock worth $267,000 after purchasing an additional 777 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Hewlett Packard Enterprise by 0.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,300 shares of the technology company’s stock valued at $2,675,000 after buying an additional 780 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of Hewlett Packard Enterprise by 5.0% during the third quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock valued at $199,000 after buying an additional 794 shares during the last quarter. 81.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
HPE has been the topic of a number of research reports. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 31st. Barclays downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 10th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Monday, March 20th. They set a “neutral” rating and a $15.00 price target for the company. Citigroup increased their target price on Hewlett Packard Enterprise from $13.00 to $14.00 in a research report on Friday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.77.
Insider Buying and Selling
In other Hewlett Packard Enterprise news, Director Jean M. Hobby sold 10,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $15.28, for a total value of $152,800.00. Following the completion of the sale, the director now directly owns 46,161 shares in the company, valued at approximately $705,340.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Alan Richard May sold 703,226 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total value of $10,625,744.86. Following the completion of the sale, the executive vice president now owns 249,511 shares in the company, valued at approximately $3,770,111.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jean M. Hobby sold 10,000 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $15.28, for a total value of $152,800.00. Following the sale, the director now directly owns 46,161 shares in the company, valued at approximately $705,340.08. The disclosure for this sale can be found here. Insiders have sold a total of 747,314 shares of company stock valued at $11,291,569 over the last quarter. 0.53% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise Stock Up 1.3 %
Shares of NYSE HPE opened at $16.06 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50-day simple moving average of $15.52 and a two-hundred day simple moving average of $15.15. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.25. The company has a market cap of $20.81 billion, a P/E ratio of 24.71, a PEG ratio of 2.42 and a beta of 1.23.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $7.81 billion during the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. Hewlett Packard Enterprise’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Research analysts anticipate that Hewlett Packard Enterprise will post 1.3 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.99%. Hewlett Packard Enterprise’s payout ratio is 73.85%.
Hewlett Packard Enterprise 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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