Guidance Capital Inc. raised its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 32.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,968 shares of the technology company's stock after purchasing an additional 12,838 shares during the quarter. Guidance Capital Inc.'s holdings in Hewlett Packard Enterprise were worth $893,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Allianz Asset Management GmbH increased its stake in shares of Hewlett Packard Enterprise by 32.9% in the 1st quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock valued at $87,604,000 after buying an additional 1,406,813 shares during the period. Lindbrook Capital LLC increased its stake in shares of Hewlett Packard Enterprise by 42.4% in the 1st quarter. Lindbrook Capital LLC now owns 13,831 shares of the technology company's stock valued at $213,000 after buying an additional 4,121 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Hewlett Packard Enterprise by 4.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 100,306 shares of the technology company's stock valued at $1,547,000 after buying an additional 4,101 shares during the period. Aspen Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at $223,000. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Hewlett Packard Enterprise by 6.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 40,760 shares of the technology company's stock valued at $629,000 after buying an additional 2,352 shares during the period. Institutional investors own 80.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Raymond James Financial upped their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Finally, Bank of America upped their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, July 11th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.71.
Read Our Latest Stock Report on HPE
Hewlett Packard Enterprise Stock Down 0.4%
Shares of Hewlett Packard Enterprise stock traded down $0.08 during trading on Tuesday, reaching $20.58. The stock had a trading volume of 2,129,223 shares, compared to its average volume of 17,092,847. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 3.05 and a beta of 1.35. The stock has a fifty day moving average price of $18.75 and a two-hundred day moving average price of $18.53. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.53%. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 in the last 90 days. Corporate insiders own 0.36% of the company's stock.
About Hewlett Packard Enterprise
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Free Report)
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.
See Also
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