AIA Group Ltd boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 39.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,038 shares of the technology company's stock after purchasing an additional 22,778 shares during the period. AIA Group Ltd's holdings in Hewlett Packard Enterprise were worth $1,250,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HPE. Advisory Services Network LLC boosted its holdings in Hewlett Packard Enterprise by 34.9% in the fourth quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company's stock valued at $548,000 after purchasing an additional 6,651 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 149.5% during the 4th quarter. Sterling Capital Management LLC now owns 124,045 shares of the technology company's stock worth $2,648,000 after buying an additional 74,320 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Hewlett Packard Enterprise by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 128,064 shares of the technology company's stock worth $2,731,000 after buying an additional 3,498 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Hewlett Packard Enterprise by 5.2% during the 4th quarter. Townsquare Capital LLC now owns 20,800 shares of the technology company's stock worth $444,000 after buying an additional 1,036 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $358,000. Hedge funds and other institutional investors own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
HPE traded down $0.17 during trading hours on Friday, hitting $21.15. The company's stock had a trading volume of 14,998,434 shares, compared to its average volume of 14,715,392. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two 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. The firm has a market capitalization of $27.75 billion, a PE ratio of 21.36, a PEG ratio of 3.07 and a beta of 1.37. The company has a 50-day simple moving average of $19.95 and a 200 day simple moving average of $18.28.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period last year, the firm earned $0.42 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a "neutral" rating and a $22.00 target price on the stock. UBS Group increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Raymond James Financial increased their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.87.
Read Our Latest Analysis on Hewlett Packard Enterprise
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is owned by insiders.
About Hewlett Packard Enterprise
(
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.
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