Shell Asset Management Co. Increases Holdings in Hewlett Packard Enterprise Company $HPE

Shell Asset Management Co. grew its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,797 shares of the technology company’s stock after purchasing an additional 34,801 shares during the quarter. Shell Asset Management Co.’s holdings in Hewlett Packard Enterprise were worth $2,388,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after purchasing an additional 2,779,446 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the last quarter. Northern Trust Corp increased its position in shares of Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after purchasing an additional 545,775 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after acquiring an additional 3,922,516 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. Susquehanna increased their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.06.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $26.08 on Thursday. The company has a market cap of $34.41 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.60 and a beta of 1.45. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $23.02 and a 200-day moving average price of $19.46. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.