Verition Fund Management LLC purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 168,547 shares of the technology company’s stock, valued at approximately $2,796,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $2,193,000. Parallel Advisors LLC grew its holdings in Hewlett Packard Enterprise by 11.6% during the 1st quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock valued at $197,000 after buying an additional 1,095 shares in the last quarter. Synovus Financial Corp grew its holdings in Hewlett Packard Enterprise by 11.5% during the 2nd quarter. Synovus Financial Corp now owns 254,871 shares of the technology company’s stock valued at $4,226,000 after buying an additional 26,288 shares in the last quarter. BlackRock Inc. grew its holdings in Hewlett Packard Enterprise by 2,713.7% during the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Finally, Motco grew its holdings in Hewlett Packard Enterprise by 929.3% during the 2nd quarter. Motco now owns 10,633 shares of the technology company’s stock valued at $176,000 after buying an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.
In related news, CEO Margaret C. Whitman sold 389,651 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total transaction of $6,807,202.97. Following the transaction, the chief executive officer now owns 1,157,250 shares of the company’s stock, valued at $20,217,157.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher P. Hsu sold 15,333 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the transaction, the executive vice president now directly owns 15,333 shares in the company, valued at approximately $270,934.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,060,518 shares of company stock worth $63,031,467. Corporate insiders own 0.87% of the company’s stock.
HPE has been the subject of a number of recent research reports. Barclays PLC lifted their target price on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Loop Capital assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $18.42.
Hewlett Packard Enterprise Company (NYSE HPE) traded up 1.49% during mid-day trading on Friday, reaching $15.02. The company’s stock had a trading volume of 4,643,030 shares. The stock’s 50 day moving average is $14.13 and its 200 day moving average is $13.84. Hewlett Packard Enterprise Company has a one year low of $12.26 and a one year high of $15.12. The firm has a market cap of $24.32 billion, a PE ratio of 208.61 and a beta of 2.71.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. On average, analysts anticipate that Hewlett Packard Enterprise Company will post $1.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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