Achmea Investment Management B.V. raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252,431 shares of the technology company’s stock after purchasing an additional 16,740 shares during the quarter. Achmea Investment Management B.V.’s holdings in Hewlett Packard Enterprise were worth $4,184,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Harfst & Associates Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $127,000. WFG Advisors LP boosted its holdings in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in shares of Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after acquiring an additional 43 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after acquiring an additional 200 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.
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In other news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the completion of the transaction, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $14.27, for a total transaction of $21,320,721.38. Following the sale, the chief executive officer now owns 1,514,639 shares of the company’s stock, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders have sold a total of 3,265,866 shares of company stock valued at $49,009,446 over the last ninety days. 0.87% of the stock is owned by insiders.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.21% during midday trading on Friday, hitting $14.28. 7,034,055 shares of the company were exchanged. The stock’s 50-day moving average is $14.28 and its 200-day moving average is $13.89. Hewlett Packard Enterprise Company has a one year low of $12.51 and a one year high of $15.12. The stock has a market cap of $23.13 billion, a PE ratio of 198.33 and a beta of 2.71.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post $1.38 EPS for the current year.
Hewlett Packard Enterprise announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
Several equities analysts recently weighed in on HPE shares. TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Mizuho restated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Finally, CIBC reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $17.79.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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