Oppenheimer & Co. Inc. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,277 shares of the technology company’s stock after acquiring an additional 1,197 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hewlett Packard Enterprise were worth $732,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates increased its holdings in shares of Hewlett Packard Enterprise by 13.2% in the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after purchasing an additional 108,971 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after purchasing an additional 517,734 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after buying an additional 232,150 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Hewlett Packard Enterprise by 5.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after buying an additional 196,112 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $931,000. Institutional investors and hedge funds own 80.78% of the company’s stock.
Analyst Ratings Changes
HPE has been the topic of a number of analyst reports. Barclays increased their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $21.08.
Get Our Latest Stock Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Shares of HPE opened at $21.43 on Wednesday. The firm has a market cap of $27.85 billion, a P/E ratio of 15.64, a PEG ratio of 3.10 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The firm’s 50 day moving average price is $19.74 and its two-hundred day moving average price is $17.68.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.
Insiders Place Their Bets
In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 158,464 shares of company stock valued at $3,160,866 in the last quarter. 0.40% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Company Profile
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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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