California Public Employees Retirement System increased its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,527,352 shares of the technology company’s stock after buying an additional 163,912 shares during the quarter. California Public Employees Retirement System owned about 0.28% of Hewlett Packard Enterprise worth $65,013,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HPE. WFG Advisors LP grew its stake in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the last quarter. Archford Capital Strategies LLC grew its stake in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares during the last quarter. FormulaFolio Investments LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth $148,000. BB&T Securities LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth $156,000. Finally, Daiwa SB Investments Ltd. bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $156,000. Hedge funds and other institutional investors own 83.05% of the company’s stock.
In other news, EVP Alan Richard May sold 7,607 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total value of $109,692.94. Following the completion of the sale, the executive vice president now owns 100,079 shares in the company, valued at $1,443,139.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kirt P. Karros sold 9,135 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total value of $130,904.55. Following the sale, the senior vice president now directly owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. Insiders own 0.87% of the company’s stock.
A number of research analysts have issued reports on the company. Mizuho reiterated a “hold” rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Pivotal Research assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, October 17th. They set a “hold” rating and a $14.00 price target for the company. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Finally, Oppenheimer reiterated a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.16.
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) opened at $15.75 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $25,100.00 and a price-to-earnings ratio of 63.00. Hewlett Packard Enterprise Co has a twelve month low of $12.81 and a twelve month high of $24.88.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. analysts forecast that Hewlett Packard Enterprise Co will post 1.19 EPS for the current year.
Hewlett Packard Enterprise announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.90%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.
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Hewlett Packard Enterprise Company Profile
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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