Signaturefd LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,849 shares of the technology company’s stock after acquiring an additional 2,582 shares during the period. Signaturefd LLC’s holdings in Hewlett Packard Enterprise were worth $248,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its stake in Hewlett Packard Enterprise by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company’s stock worth $4,663,000 after acquiring an additional 891 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company’s stock valued at $45,000 after buying an additional 919 shares during the period. Westside Investment Management Inc. raised its stake in Hewlett Packard Enterprise by 0.9% in the fourth quarter. Westside Investment Management Inc. now owns 102,452 shares of the technology company’s stock worth $1,615,000 after buying an additional 920 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Hewlett Packard Enterprise by 8.5% during the fourth quarter. Fisher Asset Management LLC now owns 11,764 shares of the technology company’s stock worth $186,000 after buying an additional 925 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in Hewlett Packard Enterprise by 155.9% during the 4th quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock valued at $26,000 after acquiring an additional 985 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
HPE has been the subject of several recent research reports. KGI Securities initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, April 19th. They issued an “outperform” rating for the company. Bank of America lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $16.00 in a research report on Friday, May 20th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. JPMorgan Chase & Co. reduced their price target on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Finally, Citigroup reduced their price target on Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating for the company in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.95.
In other news, EVP Thomas E. Black, Jr. sold 28,347 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Alan Richard May sold 94,705 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the sale, the executive vice president now directly owns 310,500 shares of the company’s stock, valued at $4,682,340. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.
Hewlett Packard Enterprise Trading Down 2.1 %
Shares of NYSE:HPE opened at $13.77 on Friday. The business’s 50-day moving average is $14.15 and its 200 day moving average is $15.65. Hewlett Packard Enterprise has a 1 year low of $12.40 and a 1 year high of $17.76. The firm has a market capitalization of $17.89 billion, a P/E ratio of 4.95, a P/E/G ratio of 3.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.64.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its earnings results on Wednesday, June 1st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.80 billion. Hewlett Packard Enterprise had a net margin of 13.28% and a return on equity of 19.01%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, research analysts predict that Hewlett Packard Enterprise will post 1.21 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Friday, June 10th. Hewlett Packard Enterprise’s dividend payout ratio is presently 17.27%.
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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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