Fortem Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,034 shares of the technology company's stock, valued at approximately $425,000.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company's stock worth $2,549,380,000 after buying an additional 1,824,331 shares in the last quarter. State Street Corp raised its position in shares of Hewlett Packard Enterprise by 2.9% during the 1st quarter. State Street Corp now owns 70,328,694 shares of the technology company's stock valued at $1,183,418,000 after acquiring an additional 1,959,250 shares during the last quarter. Bank of America Corp DE raised its position in shares of Hewlett Packard Enterprise by 2.8% during the 1st quarter. Bank of America Corp DE now owns 38,970,595 shares of the technology company's stock valued at $651,199,000 after acquiring an additional 1,070,913 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hewlett Packard Enterprise by 121.8% during the 1st quarter. Bank of New York Mellon Corp now owns 23,931,148 shares of the technology company's stock valued at $399,887,000 after acquiring an additional 13,141,920 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Hewlett Packard Enterprise by 7.6% during the 1st quarter. Victory Capital Management Inc. now owns 18,787,822 shares of the technology company's stock valued at $310,250,000 after acquiring an additional 1,323,239 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.
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Analyst Ratings Changes
HPE has been the subject of several recent research reports. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Sunday, September 4th. Raymond James reiterated an "outperform" rating and set a $19.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 21st. Evercore ISI dropped their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an "outperform" rating for the company in a research report on Tuesday, June 28th. Credit Suisse Group began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 16th. They set an "outperform" rating and a $18.00 target price for the company. Finally, Morgan Stanley lowered their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an "underweight" rating for the company in a research report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $16.59.
Hewlett Packard Enterprise Trading Up 3.9 %
Hewlett Packard Enterprise stock opened at $12.85 on Wednesday. The firm has a 50-day moving average of $13.63 and a 200-day moving average of $14.51. Hewlett Packard Enterprise has a one year low of $11.90 and a one year high of $17.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.66. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 4.59, a P/E/G ratio of 2.65 and a beta of 1.15.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its quarterly earnings data on Tuesday, August 30th. The technology company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. Hewlett Packard Enterprise had a net margin of 13.31% and a return on equity of 18.25%. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the business posted $0.29 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.28 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Monday, September 12th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 9th. This represents a $0.48 annualized dividend and a yield of 3.74%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 17.14%.
Insider Activity at Hewlett Packard Enterprise
In related news, CEO Irv Rothman sold 70,115 shares of the firm's stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $13.33, for a total value of $934,632.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.
About Hewlett Packard Enterprise
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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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