Black Swift Group LLC Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Black Swift Group LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,000 shares of the technology company’s stock, valued at approximately $1,228,000.

Other large investors also recently bought and sold shares of the company. Moloney Securities Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $861,000. CHICAGO TRUST Co NA lifted its stake in Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the last quarter. National Pension Service boosted its holdings in Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after purchasing an additional 472,885 shares in the last quarter. Cetera Investment Advisers increased its stake in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after purchasing an additional 99,394 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock worth $100,070,000 after purchasing an additional 463,965 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on HPE. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.46.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 0.3 %

Shares of HPE stock traded down $0.06 during mid-day trading on Thursday, hitting $21.79. 223,337 shares of the company’s stock were exchanged, compared to its average volume of 15,264,316. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.37 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The stock has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $19.39.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

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.