National Pension Service Acquires 312,194 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

National Pension Service boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 9.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,455,264 shares of the technology company's stock after acquiring an additional 312,194 shares during the quarter. National Pension Service owned 0.26% of Hewlett Packard Enterprise worth $53,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Rockefeller Capital Management L.P. increased its stake in Hewlett Packard Enterprise by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 128,064 shares of the technology company's stock valued at $2,731,000 after acquiring an additional 3,498 shares during the period. Townsquare Capital LLC grew its stake in Hewlett Packard Enterprise by 5.2% during the fourth quarter. Townsquare Capital LLC now owns 20,800 shares of the technology company's stock worth $444,000 after buying an additional 1,036 shares during the last quarter. Mariner LLC grew its stake in Hewlett Packard Enterprise by 7.1% during the fourth quarter. Mariner LLC now owns 291,260 shares of the technology company's stock worth $6,218,000 after buying an additional 19,364 shares during the last quarter. Jump Financial LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $303,000. Finally, Regal Investment Advisors LLC grew its stake in Hewlett Packard Enterprise by 27.4% during the fourth quarter. Regal Investment Advisors LLC now owns 24,186 shares of the technology company's stock worth $516,000 after buying an additional 5,198 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.1%

Shares of NYSE HPE opened at $21.32 on Friday. The company's 50 day simple moving average is $19.89 and its 200 day simple moving average is $18.29. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm has a market capitalization of $27.97 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

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 for the quarter, beating the consensus estimate 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They set a "neutral" rating and a $22.00 price objective on the stock. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Finally, Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.87.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The stock was 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 in the company, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 over the last 90 days. 0.36% of the stock is currently 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.

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