iA Global Asset Management Inc. lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 17.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,649 shares of the technology company’s stock after purchasing an additional 25,491 shares during the period. iA Global Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $3,491,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Hazlett Burt & Watson Inc. raised its position in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Finally, Financial Management Professionals Inc. grew its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.36.
Insider Activity
In other news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise 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 sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 over the last ninety days. 0.40% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Stock Performance
NYSE HPE opened at $23.95 on Friday. The business has a 50 day moving average price of $20.90 and a 200 day moving average price of $19.90. The company has a market capitalization of $31.10 billion, a P/E ratio of 12.61, a PEG ratio of 3.40 and a beta of 1.21. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.83 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.
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.
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