Advisory Services Network LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,169 shares of the technology company’s stock after purchasing an additional 1,758 shares during the quarter. Advisory Services Network LLC’s holdings in Hewlett Packard Enterprise were worth $187,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Amundi acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $226,562,000. Invesco Ltd. lifted its position in shares of Hewlett Packard Enterprise by 37.6% during the 2nd quarter. Invesco Ltd. now owns 19,188,466 shares of the technology company’s stock worth $279,768,000 after buying an additional 5,247,035 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Hewlett Packard Enterprise by 29.1% during the 2nd quarter. First Trust Advisors LP now owns 18,525,654 shares of the technology company’s stock worth $270,104,000 after buying an additional 4,174,638 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $49,226,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Hewlett Packard Enterprise by 66.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,180,744 shares of the technology company’s stock worth $119,275,000 after buying an additional 3,261,032 shares during the last quarter. 82.52% of the stock is currently owned by institutional investors.
In other Hewlett Packard Enterprise news, SVP Neil B. Macdonald sold 36,910 shares of the firm’s stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $17.00, for a total value of $627,470.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Neil B. Macdonald sold 8,535 shares of the firm’s stock in a transaction that occurred on Tuesday, October 26th. The shares were sold at an average price of $15.46, for a total value of $131,951.10. The disclosure for this sale can be found here. Insiders sold 285,987 shares of company stock valued at $4,650,199 in the last three months. Insiders own 0.52% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 30th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Hewlett Packard Enterprise had a return on equity of 19.59% and a net margin of 12.33%. The business had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post 1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Friday, December 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.73%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 18.75%.
Several analysts recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 29th. Morgan Stanley dropped their target price on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 6th. The Goldman Sachs Group downgraded Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and dropped their target price for the company from $16.00 to $14.00 in a research report on Thursday, November 11th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $16.00 to $20.00 in a research report on Tuesday, January 4th. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research report on Tuesday, November 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Buy” and an average target price of $17.63.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Co engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions.
Featured Story: The Structure of a Futures Contract
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.