Victory Capital Management Inc. Buys 227,021 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Victory Capital Management Inc. raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 10.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,502,924 shares of the technology company's stock after buying an additional 227,021 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Hewlett Packard Enterprise worth $38,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Korea Investment CORP lifted its holdings in Hewlett Packard Enterprise by 8.3% in the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after purchasing an additional 77,244 shares during the period. Sowell Financial Services LLC bought a new stake in Hewlett Packard Enterprise in the first quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. raised its position in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after acquiring an additional 28,123 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise in the first quarter worth about $164,000. Finally, Farther Finance Advisors LLC raised its position in Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after acquiring an additional 699 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the 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 disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Evercore ISI boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Barclays upped 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. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.71.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.46 during midday trading on Monday, hitting $20.65. The company had a trading volume of 15,434,560 shares, compared to its average volume of 17,150,973. The company has a market capitalization of $27.09 billion, a PE ratio of 20.85, a P/E/G ratio of 3.05 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $18.75 and a 200-day moving average price of $18.53. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company posted $0.42 EPS. Hewlett Packard Enterprise's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

Hewlett Packard Enterprise Company 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.