Mackenzie Financial Corp Has $46.17 Million Stock Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Mackenzie Financial Corp increased its stake in Hewlett Packard Enterprise by 9.0%, owning nearly 3 million shares valued at approximately $46.17 million.
• Wall Street analysts have raised their price targets for HPE, with Raymond James setting a new target of $26.00 and a "strong-buy" rating.
• Insider transactions saw notable sales, including SVP Jeremy Cox selling 68,590 shares for about $1.26 million, indicating potential shifts in executive confidence.

Mackenzie Financial Corp increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,992,477 shares of the technology company's stock after acquiring an additional 246,104 shares during the period. Mackenzie Financial Corp owned about 0.23% of Hewlett Packard Enterprise worth $46,174,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,264,799.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.20 during trading on Thursday, reaching $20.69. The company's stock had a trading volume of 11,242,410 shares, compared to its average volume of 16,365,443. 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 $27.15 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.29 and a beta of 1.35. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The firm has a 50 day moving average price of $19.30 and a 200 day moving average price of $18.49.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HPE shares. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They issued a "buy" rating and a $25.00 price objective for the company. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective for the company. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.67.

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.