Log Out

Savant Capital LLC Boosts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Defense World · Oct 6, 2022 06:31

Savant Capital LLC raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 25.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,249 shares of the technology company's stock after acquiring an additional 4,145 shares during the period. Savant Capital LLC's holdings in Hewlett Packard Enterprise were worth $268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DeDora Capital Inc. acquired a new position in Hewlett Packard Enterprise during the 1st quarter worth approximately $30,000. Urban Wealth Management LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $35,000. First Quadrant LLC CA acquired a new position in Hewlett Packard Enterprise during the 1st quarter worth approximately $36,000. First Manhattan Co. increased its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company's stock worth $40,000 after purchasing an additional 1,139 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $41,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Get Hewlett Packard Enterprise alerts:

Hewlett Packard Enterprise Trading Up 0.8 %

Shares of Hewlett Packard Enterprise stock opened at $12.95 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $11.90 and a fifty-two week high of $17.76. The firm has a market cap of $16.66 billion, a PE ratio of 4.63, a P/E/G ratio of 2.65 and a beta of 1.15. The business's fifty day moving average is $13.61 and its two-hundred day moving average is $14.50. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.44.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise will post 1.28 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, September 9th. Hewlett Packard Enterprise's dividend payout ratio is presently 17.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Hewlett Packard Enterprise from $16.00 to $15.00 and set a "hold" rating on the stock in a research report on Wednesday, August 31st. Credit Suisse Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 16th. They issued an "outperform" rating and a $18.00 price target on the stock. StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Sunday, September 4th. Morgan Stanley lowered their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. lowered their price target on Hewlett Packard Enterprise from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average target price of $16.59.

Insider Buying and Selling

In related news, CEO Irv Rothman sold 70,115 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $13.33, for a total value of $934,632.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.

Hewlett Packard Enterprise Company Profile

(Get Rating)

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.