Universal Beteiligungs und Servicegesellschaft mbH grew its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,458,800 shares of the technology company's stock after acquiring an additional 169,429 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Hewlett Packard Enterprise worth $22,509,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of HPE. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $119,067,000. Slate Path Capital LP lifted its position in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the period. Northern Trust Corp lifted its position in shares of Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares during the period. Worldquant Millennium Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 1,382.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after acquiring an additional 3,077,046 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $60,040,000. Institutional investors own 80.78% of the company's stock.
Wall Street Analyst Weigh In
HPE has been the subject of a number of research reports. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Friday. They issued a "buy" rating and a $25.00 price objective for the company. Bank of America raised their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group upgraded Hewlett Packard Enterprise to a "neutral" rating and set a $22.00 target price for the company in a research report on Thursday. Finally, Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Eleven investment 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.67.
Check Out Our Latest Stock Report on Hewlett Packard Enterprise
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were 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 directly owned 42,427 shares of the company's stock, valued at $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 a total of 128,590 shares of company stock valued at $2,436,000 over the last three months. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Price Performance
HPE traded up $0.20 during trading on Friday, hitting $20.71. The company's stock had a trading volume of 8,919,686 shares, compared to its average volume of 19,790,958. The firm's 50 day moving average price is $19.04 and its two-hundred day moving average price is $18.52. 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 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.35.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.
About Hewlett Packard Enterprise
(
Free Report)
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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