Hewlett Packard Enterprise Company (NYSE:HPE) Position Boosted by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Hewlett Packard Enterprise (HPE) by 212.2% during Q1, owning 586,496 shares valued at approximately $9.05 million.
• Recent transactions by insiders include SVP Jeremy Cox selling 68,590 shares and EVP Phil Mottram selling 30,000 shares, both leading to significant decreases in their ownership of the stock.
• Hewlett Packard Enterprise reported a quarterly revenue of $7.63 billion, exceeding analyst expectations, with a year-over-year revenue growth of 5.9%.

Public Sector Pension Investment Board increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 212.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 586,496 shares of the technology company's stock after buying an additional 398,618 shares during the quarter. Public Sector Pension Investment Board's holdings in Hewlett Packard Enterprise were worth $9,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AIA Group Ltd boosted its position in shares of Hewlett Packard Enterprise by 39.1% during the 1st quarter. AIA Group Ltd now owns 81,038 shares of the technology company's stock valued at $1,250,000 after purchasing an additional 22,778 shares in the last quarter. Longfellow Investment Management Co. LLC grew its position in shares of Hewlett Packard Enterprise by 60.3% in the first quarter. Longfellow Investment Management Co. LLC now owns 56,651 shares of the technology company's stock valued at $874,000 after purchasing an additional 21,307 shares during the last quarter. SouthState Corp acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $42,000. Covestor Ltd boosted its position in shares of Hewlett Packard Enterprise by 195.2% during the 1st quarter. Covestor Ltd now owns 8,981 shares of the technology company's stock valued at $139,000 after acquiring an additional 5,939 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $9,613,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded down $0.17 on Friday, reaching $21.15. 14,998,434 shares of the stock were exchanged, compared to its average volume of 14,715,392. The company has a quick ratio of 0.96, a current ratio of 1.29 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 firm has a market capitalization of $27.75 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 3.07 and a beta of 1.37. The business has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $18.28.

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, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise's payout ratio is 52.53%.

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value 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 represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HPE shares. Raymond James Financial increased their price target on shares of 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. Loop Capital boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Finally, Wolfe Research started coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

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.