QRG Capital Management Inc. Has $8.62 Million Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

QRG Capital Management Inc. grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 43.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 558,747 shares of the technology company’s stock after acquiring an additional 170,443 shares during the quarter. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $8,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Korea Investment CORP boosted its holdings in Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock valued at $21,434,000 after purchasing an additional 77,244 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $3,598,000. Atria Investments Inc lifted its stake in shares of Hewlett Packard Enterprise by 24.3% in the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company’s stock valued at $530,000 after buying an additional 4,864 shares during the period. Allworth Financial LP grew its position in Hewlett Packard Enterprise by 18.1% during the fourth quarter. Allworth Financial LP now owns 43,620 shares of the technology company’s stock worth $931,000 after buying an additional 6,680 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in Hewlett Packard Enterprise by 32.9% during the fourth quarter. Principal Securities Inc. now owns 12,162 shares of the technology company’s stock valued at $260,000 after acquiring an additional 3,012 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 4th. Susquehanna lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, June 9th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Finally, Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $21.31.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $17.90 on Wednesday. The business’s fifty day moving average is $16.81 and its two-hundred day moving average is $18.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The firm has a market cap of $23.49 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 1.31. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly 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. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.91%. Hewlett Packard Enterprise’s payout ratio is 52.53%.

Hewlett Packard Enterprise Company Profile

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.