ING Groep NV raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,412 shares of the technology company’s stock after buying an additional 784 shares during the quarter. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $1,234,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Elo Mutual Pension Insurance Co grew its holdings in shares of Hewlett Packard Enterprise by 1.5% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 92,804 shares of the technology company’s stock worth $1,461,000 after purchasing an additional 1,373 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Hewlett Packard Enterprise by 21.8% during the 1st quarter. Teacher Retirement System of Texas now owns 144,259 shares of the technology company’s stock worth $2,271,000 after buying an additional 25,812 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Hewlett Packard Enterprise by 92.6% during the 1st quarter. First Horizon Advisors Inc. now owns 10,592 shares of the technology company’s stock worth $166,000 after buying an additional 5,092 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Hewlett Packard Enterprise by 179.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 23,060 shares of the technology company’s stock worth $362,000 after buying an additional 14,811 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its position in Hewlett Packard Enterprise by 823.9% during the 1st quarter. Berman Capital Advisors LLC now owns 2,088 shares of the technology company’s stock worth $32,000 after buying an additional 1,862 shares in the last quarter. 81.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on HPE. Daiwa Capital Markets upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and upped their target price for the company from $12.00 to $17.00 in a research report on Wednesday, March 10th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, June 2nd. They noted that the move was a valuation call. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $20.00 in a research report on Wednesday, March 3rd. Jefferies Financial Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, April 20th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Raymond James increased their target price on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $15.21.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, May 31st. The technology company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.61 billion. Hewlett Packard Enterprise had a return on equity of 8.51% and a net margin of 2.35%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise will post 0.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 7th. Investors of record on Wednesday, June 16th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.07%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.56%.
In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 75,000 shares of the company’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $15.98, for a total transaction of $1,198,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan Richard May sold 15,000 shares of the stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $16.30, for a total transaction of $244,500.00. Following the completion of the sale, the executive vice president now owns 196,317 shares in the company, valued at $3,199,967.10. The disclosure for this sale can be found here. Insiders have sold a total of 683,675 shares of company stock worth $11,110,631 over the last ninety days. 0.52% of the stock is owned by insiders.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem, HPE Synergy, and HPE ProLiant; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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