First Dallas Securities Inc. Boosts Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• First Dallas Securities Inc. increased its holdings in Hewlett Packard Enterprise by 67.0%, now owning 51,373 shares worth approximately $793,000.
• Hewlett Packard Enterprise's shares recently traded at $23.53, with a market capitalization of $31.05 billion and a P/E ratio of 28.70.
• The company declared a quarterly dividend of $0.13 per share, resulting in a 2.2% annual yield, to be paid on October 17th.

First Dallas Securities Inc. boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 67.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,373 shares of the technology company's stock after acquiring an additional 20,614 shares during the period. First Dallas Securities Inc.'s holdings in Hewlett Packard Enterprise were worth $793,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after purchasing an additional 2,779,446 shares during the last quarter. Northern Trust Corp grew its position in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after buying an additional 545,775 shares during the last quarter. National Bank of Canada FI grew its position in shares of Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after buying an additional 15,171,314 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after buying an additional 3,922,516 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Hewlett Packard Enterprise by 1.6% in the first quarter. Deutsche Bank AG now owns 10,249,122 shares of the technology company's stock valued at $158,144,000 after acquiring an additional 165,316 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.10 during trading on Friday, reaching $24.76. The company had a trading volume of 17,532,128 shares, compared to its average volume of 19,217,836. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $25.10. The firm's 50-day simple moving average is $21.52 and its 200 day simple moving average is $18.48. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.51 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Insider Activity

In related news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $24.04, for a total value of $2,003,349.36. Following the completion of the sale, the chief executive officer owned 1,752,392 shares of the company's stock, valued at $42,127,503.68. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 461,924 shares of company stock worth $10,110,183 in the last three months. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Susquehanna lifted their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Bank of America lifted their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average target price of $24.87.

About Hewlett Packard Enterprise

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.