Hewlett Packard Enterprise Company (NYSE:HPE) Shares Acquired by Prudential PLC

Prudential PLC boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,285 shares of the technology company's stock after purchasing an additional 29,514 shares during the period. Prudential PLC's holdings in Hewlett Packard Enterprise were worth $2,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $31,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $25,000. Finally, Bruce G. Allen Investments LLC lifted its position in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after acquiring an additional 1,318 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Morgan Stanley raised their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. UBS Group lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.87.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.32 on Friday. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The company has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $18.29. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

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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