Ruffer LLP Decreases Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Ruffer LLP has reduced its stake in Hewlett Packard Enterprise by 33.8%, now holding 440,760 shares valued at approximately $9 million.
• The company recently announced a quarterly dividend of $0.13, resulting in a dividend yield of 2.1%, with a payout ratio of 63.41%.
• Analysts have raised their target prices for Hewlett Packard Enterprise, with UBS increasing their target from $18.00 to $23.00 and Raymond James from $29.00 to $30.00, maintaining a "strong-buy" rating.

Ruffer LLP trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,760 shares of the technology company's stock after selling 224,731 shares during the quarter. Ruffer LLP's holdings in Hewlett Packard Enterprise were worth $9,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HPE. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise in the first quarter valued at $25,000. Bruce G. Allen Investments LLC boosted 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 worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the 1st quarter worth about $27,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.0%

Shares of NYSE:HPE opened at $24.45 on Thursday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $25.36. The company has a market capitalization of $32.26 billion, a PE ratio of 29.82, a PEG ratio of 2.54 and a beta of 1.43. The business has a 50 day moving average of $22.24 and a two-hundred day moving average of $18.84. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group raised 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. Raymond James Financial raised their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a report on Thursday, September 4th. Loop Capital raised 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. Evercore ISI raised their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $24.81.

Insider Activity

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 638,590 shares of company stock worth $14,710,033. Company insiders own 0.36% of the company's stock.

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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