Capital International Ltd. CA acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 122,322 shares of the technology company’s stock, valued at approximately $2,938,000.
Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC raised its stake in shares of Hewlett Packard Enterprise by 93.8% in the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares in the last quarter. Thompson Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $34,000. JFS Wealth Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 40.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after acquiring an additional 451 shares in the last quarter. Finally, WealthCollab LLC raised its stake in shares of Hewlett Packard Enterprise by 121.8% in the 4th quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock valued at $40,000 after acquiring an additional 910 shares in the last quarter. 80.78% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Stock Down 0.1%
Shares of HPE stock opened at $49.16 on Monday. Hewlett Packard Enterprise Company has a 12 month low of $17.49 and a 12 month high of $64.25. The firm has a market cap of $65.10 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.42. The stock has a 50 day moving average of $31.65 and a 200-day moving average of $25.67. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 53.27%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HPE. Piper Sandler reissued a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Bank of America raised their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group raised their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Argus raised their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays upped their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.65.
Get Our Latest Analysis on HPE
Insider Activity at Hewlett Packard Enterprise
In other news, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the transaction, the executive vice president directly owned 17,001 shares in the company, valued at $426,385.08. The trade was a 66.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the sale, the chief executive officer owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This represents a 12.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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