Steward Partners Investment Advisory LLC lifted its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 94.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,457 shares of the technology company’s stock after acquiring an additional 5,087 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Hewlett Packard Enterprise were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $6,611,000. Spinnaker Trust acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $230,000. Calamos Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 16.6% during the 3rd quarter. Calamos Advisors LLC now owns 251,519 shares of the technology company’s stock valued at $4,102,000 after acquiring an additional 35,751 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Hewlett Packard Enterprise by 14.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 80,577 shares of the technology company’s stock valued at $1,314,000 after acquiring an additional 9,882 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $1,135,000. 82.94% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on HPE. Deutsche Bank upped their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, July 16th. Raymond James dropped their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Maxim Group reissued a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.65.
Shares of NYSE HPE opened at $15.80 on Friday. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 0.88 and a beta of 1.77.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The firm had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Hewlett Packard Enterprise Co will post 1.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 46.88%.
In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 87,113 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $15.96, for a total value of $1,390,323.48. Following the sale, the insider now directly owns 102,283 shares of the company’s stock, valued at $1,632,436.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now directly owns 637,868 shares in the company, valued at $10,569,472.76. The disclosure for this sale can be found here. Insiders sold 685,704 shares of company stock worth $11,342,061 over the last ninety days. 1.18% of the stock is owned by corporate insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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