Sciencast Management LP bought a new stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,100 shares of the technology company’s stock, valued at approximately $210,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Bridge LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $25,000. Ipswich Investment Management Co. Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $26,000. Liberty Wealth Management LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $34,000. JNBA Financial Advisors lifted its holdings in Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after buying an additional 2,600 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $38,000. Institutional investors and hedge funds own 82.92% of the company’s stock.
Shares of NYSE HPE opened at $16.66 on Friday. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.82. The stock has a market cap of $22.83 billion, a PE ratio of 10.68, a P/E/G ratio of 1.61 and a beta of 1.58. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.56.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the business posted $0.34 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.70%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
In related news, insider Antonio F. Neri sold 591,276 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total value of $9,761,966.76. Following the sale, the insider now owns 59,110 shares in the company, valued at approximately $975,906.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 780,830 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $16.32, for a total transaction of $12,743,145.60. Following the completion of the sale, the executive vice president now owns 400,401 shares in the company, valued at approximately $6,534,544.32. The disclosure for this sale can be found here. Insiders sold a total of 2,293,636 shares of company stock worth $37,657,727 in the last 90 days. 0.56% of the stock is currently owned by company insiders.
HPE has been the topic of several recent analyst reports. UBS Group lowered shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and dropped their target price for the company from $17.00 to $13.00 in a report on Tuesday, March 12th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $21.00 to $15.00 in a report on Tuesday, January 15th. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They set an “underperform” rating and a $14.00 price objective on the stock. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.92.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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