WealthShield Partners LLC raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 119.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 116,969 shares of the technology company's stock after purchasing an additional 63,752 shares during the quarter. WealthShield Partners LLC's holdings in Hewlett Packard Enterprise were worth $1,812,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after acquiring an additional 2,779,446 shares in the last quarter. Northern Trust Corp grew its stake in Hewlett Packard Enterprise by 24.7% in the fourth 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 period. Slate Path Capital LP grew its stake in Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the period. First Trust Advisors LP grew its stake in Hewlett Packard Enterprise by 9.4% in the fourth quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock worth $164,228,000 after purchasing an additional 658,117 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in Hewlett Packard Enterprise by 32.9% in the first quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock worth $87,604,000 after purchasing an additional 1,406,813 shares during the period. Institutional investors own 80.78% of the company's stock.
Insider Transactions at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. 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 owned by corporate insiders.
Hewlett Packard Enterprise Stock Performance
HPE stock traded up $0.44 on Friday, hitting $20.84. The company had a trading volume of 15,198,651 shares, compared to its average volume of 15,082,482. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. 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 stock's 50-day simple moving average is $19.54 and its 200 day simple moving average is $18.38. The stock has a market cap of $27.35 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 2.94 and a beta of 1.37.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter last year, the company posted $0.42 earnings per share. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on HPE shares. JPMorgan Chase & Co. assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday. KeyCorp assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Barclays increased their target price 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. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Eleven research 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, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.
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About Hewlett Packard Enterprise
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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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