Modern Wealth Management LLC Purchases 27,327 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Modern Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 86.5%, acquiring an additional 27,327 shares to reach a total of 58,902 shares worth approximately $909,000.
• Major institutional investors have significantly raised their holdings in HPE, with National Bank of Canada FI growing its stake by a remarkable 1,369.1%, now owning over 16 million shares valued at $251 million.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, which will be payable to investors of record on September 18th, reflecting an annual yield of 2.1%.

Modern Wealth Management LLC boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 86.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,902 shares of the technology company's stock after purchasing an additional 27,327 shares during the period. Modern Wealth Management LLC's holdings in Hewlett Packard Enterprise were worth $909,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HPE. National Bank of Canada FI grew its holdings in Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after purchasing an additional 15,171,314 shares during the last quarter. AQR Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after purchasing an additional 3,922,516 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock valued at $70,447,000 after purchasing an additional 3,077,046 shares during the last quarter. Vanguard Group Inc. grew its holdings in Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after purchasing an additional 2,779,446 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on HPE. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft upped 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 note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.87.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the firm's 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 completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at approximately $43,217,231.20. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 461,924 shares of company stock valued at $10,110,183. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Down 0.4%

NYSE:HPE opened at $24.76 on Friday. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $25.10. The firm has a 50 day moving average of $21.59 and a 200 day moving average of $18.50. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.56 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

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

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.

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