Varma Mutual Pension Insurance Co bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 300,500 shares of the technology company’s stock, valued at approximately $13,556,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Westpac Banking Corp bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $291,000. William Blair Investment Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at about $374,000. Korea Investment CORP bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at about $54,726,000. EP Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter worth about $2,824,000. Finally, Rakuten Securities Inc. bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $88,000. Institutional investors and hedge funds own 80.78% of the company’s stock.
Hewlett Packard Enterprise Stock Up 0.1%
HPE stock opened at $53.48 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market capitalization of $70.82 billion, a P/E ratio of 49.98, a P/E/G ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25. The company’s 50 day simple moving average is $48.90 and its 200-day simple moving average is $35.79.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.
Insider Activity at Hewlett Packard Enterprise
In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
HPE has been the subject of a number of research analyst reports. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. UBS Group boosted their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their target price for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. The Goldman Sachs Group increased their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Truist Financial reiterated a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.
View Our Latest Analysis on HPE
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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