Versor Investments LP boosted its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,700 shares of the technology company’s stock after acquiring an additional 13,355 shares during the period. Versor Investments LP’s holdings in Hewlett Packard Enterprise were worth $1,336,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in HPE. Fifth Third Bancorp boosted its stake in shares of Hewlett Packard Enterprise by 2.4% in the 4th quarter. Fifth Third Bancorp now owns 27,874 shares of the technology company’s stock valued at $445,000 after purchasing an additional 645 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Hewlett Packard Enterprise by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,023 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 721 shares during the period. Strategic Wealth Advisors Group LLC increased its holdings in Hewlett Packard Enterprise by 3.6% in the third quarter. Strategic Wealth Advisors Group LLC now owns 22,249 shares of the technology company’s stock worth $267,000 after purchasing an additional 777 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Hewlett Packard Enterprise by 0.4% in the third quarter. Crossmark Global Holdings Inc. now owns 223,300 shares of the technology company’s stock valued at $2,675,000 after buying an additional 780 shares during the period. Finally, TRUE Private Wealth Advisors grew its position in shares of Hewlett Packard Enterprise by 5.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock worth $199,000 after buying an additional 794 shares during the period. Institutional investors own 81.36% of the company’s stock.
Hewlett Packard Enterprise Stock Up 1.3 %
Hewlett Packard Enterprise stock opened at $16.06 on Tuesday. The firm has a 50 day moving average price of $15.52 and a 200-day moving average price of $15.15. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.25. The company has a market capitalization of $20.81 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.42 and a beta of 1.23.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The business had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.3 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, March 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 73.85%.
Wall Street Analyst Weigh In
HPE has been the topic of a number of research reports. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a research report on Friday, March 3rd. JPMorgan Chase & Co. boosted their price objective on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 20th. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a report on Tuesday, January 10th. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, March 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, March 20th. They issued a “neutral” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.77.
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 703,226 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $15.11, for a total value of $10,625,744.86. Following the completion of the transaction, the executive vice president now owns 249,511 shares in the company, valued at approximately $3,770,111.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 703,226 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total value of $10,625,744.86. Following the sale, the executive vice president now owns 249,511 shares of the company’s stock, valued at approximately $3,770,111.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 747,314 shares of company stock worth $11,291,569. 0.53% of the stock is owned by company insiders.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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