Envestnet Asset Management Inc. increased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 109.5% in the first quarter, HoldingsChannel.com reports. The firm owned 327,293 shares of the technology company’s stock after buying an additional 171,052 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 309,693 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 3,893 shares during the period. Polaris Capital Management LLC raised its position in Hewlett Packard Enterprise by 13.0% during the 4th quarter. Polaris Capital Management LLC now owns 1,164,065 shares of the technology company’s stock worth $15,377,000 after buying an additional 134,300 shares during the last quarter. Prudential Financial Inc. raised its position in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Prudential Financial Inc. now owns 10,021,356 shares of the technology company’s stock worth $132,382,000 after buying an additional 344,625 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Hewlett Packard Enterprise by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 712,332 shares of the technology company’s stock worth $9,409,000 after buying an additional 10,578 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Hewlett Packard Enterprise by 6.6% during the 4th quarter. Legal & General Group Plc now owns 8,852,384 shares of the technology company’s stock worth $116,895,000 after buying an additional 550,911 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
Shares of HPE opened at $14.15 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $19.22 billion, a PE ratio of 8.29, a P/E/G ratio of 1.32 and a beta of 1.60. Hewlett Packard Enterprise Co has a 52-week low of $12.09 and a 52-week high of $17.59.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. The business had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.18%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
A number of brokerages have commented on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, May 22nd. Evercore ISI began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 price objective for the company. Nomura cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Daiwa Capital Markets began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They set a “hold” rating and a $16.00 price objective for the company. Finally, BMO Capital Markets restated a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.62.
In other news, insider Philip Davis sold 16,412 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total value of $235,183.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Antonio F. Neri sold 591,276 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the completion of the transaction, the insider now owns 59,110 shares of the company’s stock, valued at approximately $975,906.10. The disclosure for this sale can be found here. Insiders sold a total of 692,317 shares of company stock valued at $11,169,262 in the last quarter. Insiders own 0.56% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2019/06/15/envestnet-asset-management-inc-acquires-171052-shares-of-hewlett-packard-enterprise-co-nysehpe.html.
Hewlett Packard Enterprise Profile
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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
Further Reading: The limitations of an equal weight rating
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.