Vanguard Group Inc. Grows Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.7%, owning approximately 12.73% of the company, worth nearly $2.58 billion after acquiring additional shares in Q1.
• Hewlett Packard Enterprise reported earnings of $0.38 per share, exceeding analysts' expectations of $0.33, with a revenue of $7.63 billion for the quarter, marking a 5.9% year-over-year increase.
• The firm declared a quarterly dividend of $0.13, providing a dividend yield of 2.5% with a payout ratio of 52.53% as part of its ongoing shareholder returns.

Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,199,996 shares of the technology company's stock after acquiring an additional 2,779,446 shares during the quarter. Vanguard Group Inc. owned about 12.73% of Hewlett Packard Enterprise worth $2,579,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Slate Path Capital LP grew its stake in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp lifted its holdings 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 purchasing an additional 3,208,424 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings 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 purchasing an additional 3,077,046 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $60,040,000. Finally, Alyeska Investment Group L.P. bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $46,263,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $20.84 on Friday. The firm's fifty day moving average price is $19.61 and its two-hundred day moving average price is $18.36. The stock has a market cap of $27.35 billion, a PE ratio of 21.05, a PEG ratio of 2.94 and a beta of 1.37. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors 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 2.5%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the business's 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 sale, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on HPE shares. Barclays boosted their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target for the company. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Finally, Loop Capital boosted their price objective 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. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.87.

Hewlett Packard Enterprise 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.

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