UniSuper Management Pty Ltd Acquires 371,251 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• UniSuper Management Pty Ltd increased its holdings in Hewlett Packard Enterprise by 126.8% during Q1, acquiring an additional 371,251 shares, bringing its total to 663,986 shares valued at approximately $10.25 million.
• Hewlett Packard Enterprise has declared a quarterly dividend of $0.13 per share, with an annualized yield of 2.2%, to be paid on October 17th to investors of record as of September 18th.
• The stock price of HPE has seen an increase of 1.6% recently, with a 12-month range of $11.97 to $24.66, and has a current market capitalization of $31.05 billion.

UniSuper Management Pty Ltd lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 126.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,986 shares of the technology company's stock after purchasing an additional 371,251 shares during the period. UniSuper Management Pty Ltd owned 0.05% of Hewlett Packard Enterprise worth $10,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise in the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC boosted its holdings in Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after acquiring an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the first quarter worth approximately $27,000. Finally, Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.6%

HPE stock opened at $23.53 on Monday. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average is $21.26 and its 200-day moving average is $18.36. The firm has a market capitalization of $31.05 billion, a PE ratio of 28.70, a P/E/G ratio of 2.41 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

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

Analyst Upgrades and Downgrades

HPE has been the topic of several recent research reports. Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. Bank of America increased their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.87.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred 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 directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders sold 461,924 shares of company stock valued at $10,110,183. 0.36% of the stock is owned by insiders.

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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