Northpointe Capital LLC boosted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,735 shares of the technology company’s stock after buying an additional 14,862 shares during the quarter. Northpointe Capital LLC’s holdings in Hewlett Packard Enterprise were worth $3,205,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its position in shares of Hewlett Packard Enterprise by 1,735.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock worth $1,185,000 after buying an additional 14,800,633 shares during the last quarter. Norges Bank purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $153,699,000. Cambiar Investors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $28,974,000. Deutsche Bank AG boosted its holdings in shares of Hewlett Packard Enterprise by 35.5% in the 4th quarter. Deutsche Bank AG now owns 7,464,437 shares of the technology company’s stock valued at $98,595,000 after acquiring an additional 1,955,359 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in shares of Hewlett Packard Enterprise by 621.3% in the 1st quarter. DNB Asset Management AS now owns 1,941,551 shares of the technology company’s stock valued at $29,958,000 after acquiring an additional 1,672,377 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.
In other news, insider Philip Davis sold 13,974 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $15.75, for a total transaction of $220,090.50. Following the completion of the sale, the insider now owns 30,386 shares of the company’s stock, valued at $478,579.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kirt P. Karros sold 14,126 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $15.00, for a total transaction of $211,890.00. The disclosure for this sale can be found here. Insiders have sold 1,702,360 shares of company stock valued at $27,895,760 over the last 90 days. 0.56% of the stock is currently owned by company insiders.
Several research firms have recently commented on HPE. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and decreased their target price for the company from $17.00 to $13.00 in a research note on Tuesday, March 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 16th. Daiwa Capital Markets started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, April 1st. They issued a “hold” rating and a $16.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, February 26th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.92.
Shares of HPE traded down $0.02 during trading hours on Wednesday, hitting $16.58. The stock had a trading volume of 152,094 shares, compared to its average volume of 9,237,513. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $17.88. The stock has a market cap of $22.60 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.59 and a beta of 1.58.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. During the same period in the previous year, the business posted $0.34 EPS. Equities analysts expect that Hewlett Packard Enterprise Co will post 1.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
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Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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