Paradigm Capital Management LLC NV bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 22,245 shares of the technology company’s stock, valued at approximately $1,003,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at about $1,027,139,000. Elliott Investment Management L.P. boosted its stake in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares in the last quarter. Norges Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $185,969,000. Finally, Bank of New York Mellon Corp bought a new stake in Hewlett Packard Enterprise in the second quarter worth about $322,718,000. 80.78% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Stock Performance
Shares of HPE opened at $52.44 on Tuesday. The company has a 50-day moving average of $48.98 and a two-hundred day moving average of $36.00. The stock has a market cap of $69.44 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.
Insider Activity
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on HPE shares. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research report on Tuesday, June 2nd. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Wall Street Zen downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Argus lifted their target price on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $69.80.
Get Our Latest Research Report 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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