Engineers Gate Manager LP acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 297,237 shares of the technology company’s stock, valued at approximately $13,408,000.
Several other large investors have also recently made changes to their positions in HPE. Baird Financial Group Inc. boosted its stake in Hewlett Packard Enterprise by 1.4% during the second quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company’s stock valued at $709,000 after buying an additional 212 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after acquiring an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock worth $324,000 after acquiring an additional 355 shares in the last quarter. Investment Research Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after acquiring an additional 423 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after acquiring an additional 429 shares during the last quarter. 80.78% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise stock opened at $55.23 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $50.90 and a 200-day moving average price of $38.85. The firm has a market capitalization of $73.32 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is presently 29.69%.
Insider Activity
In related news, SVP Kirt Karros sold 18,785 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $57.00 price target (down from $63.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 3rd. Susquehanna boosted 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 dropped their price target on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Sanford C. Bernstein boosted their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group upped their price objective on 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 research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.44.
View Our Latest Stock Report on HPE
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.
HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.
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