Victory Capital Management Inc. boosted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,959,928 shares of the technology company’s stock after acquiring an additional 138,073 shares during the quarter. Victory Capital Management Inc. owned 0.71% of Hewlett Packard Enterprise worth $131,571,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in HPE. State of Alaska Department of Revenue increased its position in shares of Hewlett Packard Enterprise by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 320,003 shares of the technology company’s stock valued at $4,226,000 after buying an additional 3,824 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Hewlett Packard Enterprise by 10.9% in the third 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 buying an additional 1,229,369 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 17.6% in the fourth quarter. Calamos Advisors LLC now owns 295,805 shares of the technology company’s stock valued at $3,908,000 after buying an additional 44,286 shares in the last quarter. Legal & General Group Plc increased its position in shares of Hewlett Packard Enterprise by 0.7% in the third quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock valued at $135,376,000 after buying an additional 54,050 shares in the last quarter. Finally, Paloma Partners Management Co increased its position in shares of Hewlett Packard Enterprise by 192.9% in the third quarter. Paloma Partners Management Co now owns 441,042 shares of the technology company’s stock valued at $7,193,000 after buying an additional 290,444 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.
A number of analysts have recently commented on HPE shares. BMO Capital Markets restated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Zacks Investment Research restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Tuesday, November 13th. ValuEngine upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Maxim Group cut their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Finally, Morgan Stanley cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $21.00 to $15.00 in a research report on Tuesday, January 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.92.
Shares of NYSE:HPE opened at $16.70 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $22.83 billion, a PE ratio of 9.89, a PEG ratio of 1.95 and a beta of 1.60. Hewlett Packard Enterprise Co has a 1 year low of $12.09 and a 1 year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 10.75% and a net margin of 2.11%. During the same period in the previous year, the company posted $0.34 earnings per share. Research analysts anticipate that Hewlett Packard Enterprise Co will post 1.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, March 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 28.85%.
In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 15,639 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $14.54, for a total transaction of $227,391.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 14,126 shares of the business’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $15.00, for a total value of $211,890.00. The disclosure for this sale can be found here. Insiders have sold 998,891 shares of company stock worth $16,137,341 in the last three months. 0.56% of the stock is currently owned by corporate insiders.
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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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