Shell Asset Management Co. Grows Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Shell Asset Management Co. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 27.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,202 shares of the technology company’s stock after purchasing an additional 18,664 shares during the quarter. Shell Asset Management Co.’s holdings in Hewlett Packard Enterprise were worth $1,528,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $51,938,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $48,291,000. Finally, Natixis grew its position in Hewlett Packard Enterprise by 10,345.0% during the 1st quarter. Natixis now owns 1,789,965 shares of the technology company’s stock worth $31,736,000 after acquiring an additional 1,772,828 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,141 shares of company stock worth $2,850,108. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Up 0.9 %

Shares of NYSE:HPE traded up $0.18 during trading on Friday, hitting $19.63. The stock had a trading volume of 1,601,338 shares, compared to its average volume of 15,600,501. The company has a market capitalization of $25.51 billion, a PE ratio of 14.20, a PEG ratio of 2.90 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $20.15 and its 200 day moving average is $17.83. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. Analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.65%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of analyst reports. Bank of America increased their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, June 21st. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $21.08.

Hewlett Packard Enterprise 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.