Toronto Dominion Bank increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 45.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,125,494 shares of the technology company’s stock after purchasing an additional 353,572 shares during the period. Toronto Dominion Bank owned approximately 0.09% of Hewlett Packard Enterprise worth $17,952,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock valued at $1,249,000 after acquiring an additional 7,285 shares during the period. D.A. Davidson & CO. increased its stake in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,809 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Hewlett Packard Enterprise by 46.4% during the first quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after purchasing an additional 5,095 shares during the last quarter. Blair William & Co. IL boosted its position in Hewlett Packard Enterprise by 9.8% during the first quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 29,819 shares in the last quarter. Finally, Aviva PLC grew its holdings in Hewlett Packard Enterprise by 45.8% in the first quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after purchasing an additional 199,382 shares during the last quarter. Institutional investors and hedge funds own 81.36% of the company’s stock.
Hewlett Packard Enterprise Stock Performance
NYSE HPE opened at $13.80 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.63. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $17.25. The firm has a market capitalization of $17.88 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.16 and a beta of 1.22. The business’s 50-day simple moving average is $15.01 and its 200-day simple moving average is $15.42.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $7.81 billion during the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a net margin of 2.92% and a return on equity of 4.22%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities analysts predict that Hewlett Packard Enterprise will post 1.32 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 17th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, March 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. Hewlett Packard Enterprise’s dividend payout ratio is currently 73.85%.
Insider Activity
In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total value of $513,024.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Jean M. Hobby sold 10,000 shares of the stock in a transaction dated 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 owns 46,161 shares of the company’s stock, valued at approximately $705,340.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 747,314 shares of company stock worth $11,291,569. 0.53% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HPE. Barclays downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a research note on Tuesday, January 10th. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, March 20th. They set a “neutral” rating and a $15.00 price objective for the company. Bank of America upped their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, April 17th. Finally, Morgan Stanley increased their target price on Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.85.
About Hewlett Packard Enterprise
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.
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