Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 58.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,139 shares of the technology company’s stock after purchasing an additional 16,739 shares during the quarter. Impax Asset Management Group plc’s holdings in Hewlett Packard Enterprise were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital Investment Counsel Inc lifted its position in shares of Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after buying an additional 500 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares in the last quarter. Bailard Inc. raised its position in shares of Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after purchasing an additional 580 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its stake in Hewlett Packard Enterprise by 2.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after buying an additional 581 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fidelma Russo sold 55,908 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Bank of America raised 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 report on Tuesday, September 17th. Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price on the stock. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.46.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of NYSE HPE opened at $21.07 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $19.87 and its two-hundred day moving average is $19.45. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders 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 annualized dividend and a dividend yield of 2.47%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

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.