Korea Investment CORP decreased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 36.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,059 shares of the technology company’s stock after selling 250,800 shares during the period. Korea Investment CORP’s holdings in Hewlett Packard Enterprise were worth $6,385,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox grew its holdings in Hewlett Packard Enterprise by 12.2% during the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after buying an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after purchasing an additional 1,508,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after purchasing an additional 16,592,308 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 27.7% in the second quarter. Pzena Investment Management LLC now owns 22,129,234 shares of the technology company’s stock valued at $367,124,000 after purchasing an additional 4,794,388 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hewlett Packard Enterprise by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock valued at $321,088,000 after purchasing an additional 779,447 shares in the last quarter. Institutional investors own 81.34% of the company’s stock.
Hewlett Packard Enterprise Company (HPE) opened at $13.70 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. Hewlett Packard Enterprise Company has a 52 week low of $12.97 and a 52 week high of $24.88. The firm has a market capitalization of $22,186.66, a P/E ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current year.
Hewlett Packard Enterprise declared that its board has initiated a stock buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.19%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.
A number of research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Barclays PLC raised their price target on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research report on Saturday, July 22nd. Loop Capital assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 target price for the company. Finally, BidaskClub upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.79.
In other news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total transaction of $6,873,743.52. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $16,977,318.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Henry Gomez sold 494,360 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The disclosure for this sale can be found here. Insiders have sold 3,309,941 shares of company stock valued at $48,162,528 over the last quarter. 0.87% of the stock is owned by company insiders.
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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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