Rhumbline Advisers Buys 18,828 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rhumbline Advisers raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,565,453 shares of the technology company’s stock after buying an additional 18,828 shares during the quarter. Rhumbline Advisers’ holdings in Hewlett Packard Enterprise were worth $54,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hewlett Packard Enterprise by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after purchasing an additional 695,038 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after buying an additional 237,321 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock worth $152,559,000 after buying an additional 83,037 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after buying an additional 517,734 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. UBS Group lifted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Evercore ISI increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.18.

Insider Buying and Selling

In other news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,141 shares of company stock worth $1,874,608. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.6 %

Hewlett Packard Enterprise stock opened at $18.76 on Thursday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $19.52 and a 200-day moving average of $18.45. The stock has a market capitalization of $24.38 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.77%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Hewlett Packard Enterprise 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.