IFM Investors Pty Ltd Has $6.73 Million Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• IFM Investors Pty Ltd increased its stake in Hewlett Packard Enterprise Company by 5.3% in Q2, holding 329,112 shares valued at approximately $6.73 million.
• The company recently announced a quarterly dividend of $0.13 per share, representing an annual yield of 2.1%, with pay date set for October 17th.
• Hewlett Packard Enterprise has received positive ratings from analysts, with Bank of America raising its target price to $25.00 and the stock currently holding an average rating of "Moderate Buy."

IFM Investors Pty Ltd boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,112 shares of the technology company's stock after purchasing an additional 16,546 shares during the quarter. IFM Investors Pty Ltd's holdings in Hewlett Packard Enterprise were worth $6,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hewlett Packard Enterprise by 16.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 205,136 shares of the technology company's stock valued at $4,378,000 after acquiring an additional 29,213 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 491,000 shares of the technology company's stock valued at $10,041,000 after acquiring an additional 20,800 shares during the period. Wedmont Private Capital boosted its position in shares of Hewlett Packard Enterprise by 11.4% in the second quarter. Wedmont Private Capital now owns 11,514 shares of the technology company's stock valued at $239,000 after acquiring an additional 1,179 shares during the period. Swedbank AB boosted its position in shares of Hewlett Packard Enterprise by 7.9% in the second quarter. Swedbank AB now owns 681,696 shares of the technology company's stock valued at $13,941,000 after acquiring an additional 49,708 shares during the period. Finally, Baader Bank Aktiengesellschaft boosted its position in shares of Hewlett Packard Enterprise by 151.1% in the second quarter. Baader Bank Aktiengesellschaft now owns 31,137 shares of the technology company's stock valued at $637,000 after acquiring an additional 18,738 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HPE. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, UBS Group boosted their price target on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.81.

Hewlett Packard Enterprise Trading Down 1.2%

Shares of Hewlett Packard Enterprise stock traded down $0.30 on Tuesday, hitting $24.86. The stock had a trading volume of 10,862,294 shares, compared to its average volume of 19,389,150. The stock has a 50 day moving average of $22.07 and a 200 day moving average of $18.76. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $25.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market capitalization of $32.81 billion, a P/E ratio of 30.27, a PEG ratio of 2.57 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 668,590 shares of company stock worth $15,265,033. 0.36% of the stock is owned by company insiders.

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.