Hilltop Holdings Inc. decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 77.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,221 shares of the technology company’s stock after selling 59,789 shares during the quarter. Hilltop Holdings Inc.’s holdings in Hewlett Packard Enterprise were worth $410,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares in the last quarter. Brown Advisory Inc. grew its stake in Hewlett Packard Enterprise by 4.4% in the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after purchasing an additional 996 shares in the last quarter. Jump Financial LLC increased its holdings in Hewlett Packard Enterprise by 25.8% during the 2nd quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after purchasing an additional 3,215 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $207,000. 80.78% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Trading Up 1.0%
Shares of NYSE:HPE opened at $48.19 on Tuesday. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-month high of $64.25. The business’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $31.61. The company has a market capitalization of $63.81 billion, a PE ratio of 45.04, a P/E/G ratio of 0.52 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72.
Hewlett Packard Enterprise Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.
Analyst Ratings Changes
Several equities research analysts have weighed in on HPE shares. Barclays upped their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Argus lifted their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group raised their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $67.31.
Insider Activity
In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the sale, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 118,850 shares of company stock worth $3,908,125. Corporate insiders own 0.44% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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