TD Private Client Wealth LLC Buys 17,098 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• TD Private Client Wealth LLC increased its stake in Hewlett Packard Enterprise by 40.5%, buying an additional 17,098 shares, bringing its total holdings to 59,287 shares worth $1,212,000.
• The company's recent quarterly dividend of $0.13, which will be paid on October 17th, represents an annualized yield of 2.2%.
• Analysts have set new price targets for Hewlett Packard Enterprise, with Deutsche Bank raising their target from $21.00 to $26.00 and giving a "buy" rating.

TD Private Client Wealth LLC raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 40.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,287 shares of the technology company's stock after buying an additional 17,098 shares during the period. TD Private Client Wealth LLC's holdings in Hewlett Packard Enterprise were worth $1,212,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hewlett Packard Enterprise by 15.6% during the first 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 acquiring an additional 2,373,850 shares during the last quarter. Northern Trust Corp grew its position in Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after acquiring an additional 545,775 shares during the last quarter. National Bank of Canada FI grew its position in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Hewlett Packard Enterprise by 45.6% during the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after acquiring an additional 3,922,516 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on 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 sale, the chief executive officer owned 1,585,726 shares in the company, valued at $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 573,738 shares of company stock worth $13,539,132. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Down 0.8%

NYSE HPE opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The stock has a market capitalization of $31.68 billion, a PE ratio of 29.28, a PEG ratio of 2.49 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $25.36. The business's 50-day moving average is $22.37 and its 200 day moving average is $18.97.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 63.41%.

Analysts Set New Price Targets

Several equities analysts recently commented on HPE shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group raised their price objective on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Bank of America raised their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.81.

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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