Mount Lucas Management LP Makes New Investment in Hewlett Packard Enterprise Company (NYSE:HPE)

Mount Lucas Management LP bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,490 shares of the technology company's stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after acquiring an additional 681,242 shares during the last quarter. Northern Trust Corp grew its position in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after purchasing an additional 3,208,424 shares during the period. Slate Path Capital LP grew its position in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the period. First Trust Advisors LP grew its position in Hewlett Packard Enterprise by 9.4% during the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock worth $164,228,000 after purchasing an additional 658,117 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Hewlett Packard Enterprise by 32.9% during the 1st quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock worth $87,604,000 after purchasing an additional 1,406,813 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday. KeyCorp began coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. UBS Group raised their target price 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, Raymond James Financial raised their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average target price of $22.67.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the firm'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 transaction, the executive vice president directly owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm'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. Over the last ninety days, insiders sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Up 1.0%

Shares of HPE stock traded up $0.20 on Friday, reaching $20.71. 8,919,686 shares of the stock were exchanged, compared to its average volume of 19,790,958. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.25 and a beta of 1.35. The business's 50 day moving average price is $19.04 and its 200 day moving average price is $18.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $7.63 billion during 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%. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

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.