Rockefeller Capital Management L.P. lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 78.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,173 shares of the technology company’s stock after acquiring an additional 18,113 shares during the period. Rockefeller Capital Management L.P.’s holdings in Hewlett Packard Enterprise were worth $599,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $25,000. Zions Bancorporation N.A. raised its stake in shares of Hewlett Packard Enterprise by 95.8% during the 1st quarter. Zions Bancorporation N.A. now owns 1,723 shares of the technology company’s stock worth $27,000 after buying an additional 843 shares during the last quarter. Elmwood Wealth Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $28,000. Hillsdale Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $29,000. Finally, Berman Capital Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 823.9% during the 1st quarter. Berman Capital Advisors LLC now owns 2,088 shares of the technology company’s stock worth $32,000 after buying an additional 1,862 shares during the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on HPE shares. Barclays lifted their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, June 2nd. Evercore ISI upgraded Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $16.00 to $20.00 in a research report on Sunday, July 25th. Raymond James lifted their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, September 3rd. Finally, Morgan Stanley restated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, July 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Buy” and a consensus target price of $16.62.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 1st. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. Hewlett Packard Enterprise had a return on equity of 8.24% and a net margin of 3.73%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $0.32 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise will post 0.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 6th. Shareholders of record on Monday, September 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, September 10th. Hewlett Packard Enterprise’s payout ratio is 35.56%.
In other news, CEO Irv Rothman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $14.96, for a total value of $149,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas E. Black, Jr. sold 16,512 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $14.55, for a total value of $240,249.60. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
About Hewlett Packard Enterprise
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.
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