Smith Shellnut Wilson LLC ADV Buys Shares of 13,243 Hewlett Packard Enterprise Co (HPE)

Smith Shellnut Wilson LLC ADV bought a new stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,243 shares of the technology company’s stock, valued at approximately $216,000.

A number of other large investors have also recently added to or reduced their stakes in HPE. BlackRock Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.7% during the 2nd quarter. BlackRock Inc. now owns 99,730,532 shares of the technology company’s stock worth $1,457,065,000 after acquiring an additional 1,626,048 shares during the period. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 2.8% during the 2nd quarter. Northern Trust Corp now owns 18,372,430 shares of the technology company’s stock worth $268,421,000 after acquiring an additional 499,693 shares during the period. LSV Asset Management lifted its holdings in shares of Hewlett Packard Enterprise by 44.5% during the 2nd quarter. LSV Asset Management now owns 15,752,632 shares of the technology company’s stock worth $230,145,000 after acquiring an additional 4,848,200 shares during the period. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 67.2% during the 2nd quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock worth $204,098,000 after acquiring an additional 5,615,283 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Hewlett Packard Enterprise by 429.8% during the 2nd quarter. Morgan Stanley now owns 9,860,955 shares of the technology company’s stock worth $144,068,000 after acquiring an additional 7,999,613 shares during the period. Institutional investors own 82.77% of the company’s stock.

HPE opened at $15.11 on Thursday. The company has a market cap of $24.00 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $19.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, analysts expect that Hewlett Packard Enterprise Co will post 1.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

In related news, insider Antonio F. Neri sold 82,893 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the sale, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 685,704 shares of company stock valued at $11,342,061. Corporate insiders own 1.18% of the company’s stock.

HPE has been the topic of several recent analyst reports. Deutsche Bank increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, August 30th. Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday, August 28th. Raymond James cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. Finally, UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price objective on the stock. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.68.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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