Truehand Inc acquired a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,836 shares of the technology company’s stock, valued at approximately $51,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in HPE. Oregon Public Employees Retirement Fund lifted its position in Hewlett Packard Enterprise by 1,735.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock valued at $1,185,000 after acquiring an additional 14,800,633 shares in the last quarter. LSV Asset Management lifted its position in Hewlett Packard Enterprise by 26.1% in the 3rd quarter. LSV Asset Management now owns 19,860,982 shares of the technology company’s stock valued at $323,932,000 after acquiring an additional 4,108,350 shares in the last quarter. Cambiar Investors LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $28,974,000. Bank of New York Mellon Corp lifted its position in Hewlett Packard Enterprise by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock valued at $204,450,000 after acquiring an additional 1,229,369 shares in the last quarter. Finally, AMF Pensionsforsakring AB bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $14,395,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.
HPE remained flat at $$16.80 on Wednesday. 2,120,182 shares of the company traded hands, compared to its average volume of 11,105,591. The company has a market cap of $23.50 billion, a P/E ratio of 10.77, a PEG ratio of 1.95 and a beta of 1.60. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $19.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 10.75%. During the same period last year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.68%. The ex-dividend date is Tuesday, March 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 15,639 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.54, for a total value of $227,391.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Keerti Melkote sold 36,300 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.55, for a total transaction of $528,165.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 998,891 shares of company stock valued at $16,137,341. 0.56% of the stock is owned by insiders.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, February 21st. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Maxim Group decreased their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, December 6th. Finally, Oppenheimer set a $18.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Wednesday, December 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.92.
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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 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.
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