Bessemer Group Inc. Has $1.42 Million Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Bessemer Group Inc. reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 55.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 91,787 shares of the technology company's stock after selling 112,576 shares during the period. Bessemer Group Inc.'s holdings in Hewlett Packard Enterprise were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC grew its stake in shares of Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the period. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $31,000. Finally, Financial Freedom LLC grew its stake in shares of Hewlett Packard Enterprise by 76.7% during the first quarter. Financial Freedom LLC now owns 2,197 shares of the technology company's stock worth $34,000 after purchasing an additional 954 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total transaction of $555,000.00. Following the sale, the executive vice president now owns 72,427 shares in the company, valued at approximately $1,339,899.50. This represents a 29.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPE. Barclays lifted their price objective on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Wall Street Zen cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America reduced their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.31.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $18.44 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.68 and a beta of 1.31. The stock's 50-day moving average is $17.37 and its 200-day moving average is $18.60. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

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.

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