Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,691 shares of the technology company’s stock after purchasing an additional 5,584 shares during the period. PNC Financial Services Group Inc.’s holdings in Hewlett Packard Enterprise were worth $7,973,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Capital Investment Counsel Inc raised its holdings in Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after acquiring an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares during the period. Bailard Inc. grew its position in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after purchasing an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its stake in Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after purchasing an additional 581 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE opened at $22.10 on Friday. The stock has a 50-day moving average of $20.35 and a 200-day moving average of $19.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a market cap of $28.69 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 3.36 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter last year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

Insider Activity

In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fidelma Russo sold 55,908 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total transaction of $1,117,600.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target on the stock. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Citigroup raised their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.21.

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.