Havemeyer Place LP acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 136,361 shares of the technology company’s stock, valued at approximately $3,275,000. Hewlett Packard Enterprise comprises 0.6% of Havemeyer Place LP’s portfolio, making the stock its 17th biggest holding.
Several other large investors also recently modified their holdings of HPE. Empowered Funds LLC grew its holdings in shares of Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after acquiring an additional 113,906 shares during the period. Geneos Wealth Management Inc. lifted its position in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after purchasing an additional 1,377 shares in the last quarter. Brown Advisory Inc. lifted its position in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after purchasing an additional 996 shares in the last quarter. Jump Financial LLC lifted its position in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after purchasing an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $207,000. Institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of Hewlett Packard Enterprise stock opened at $49.16 on Friday. The stock’s 50-day simple moving average is $31.65 and its 200-day simple moving average is $25.64. Hewlett Packard Enterprise Company has a 52 week low of $17.49 and a 52 week high of $64.25. The company has a market capitalization of $65.10 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 0.78 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.
Analysts Set New Price Targets
HPE has been the topic of several analyst reports. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Bank of America lifted their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $64.65.
Check Out Our Latest Analysis on HPE
Insiders Place Their Bets
In other news, EVP Fidelma Russo sold 34,001 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares in the company, valued at $426,385.08. The trade was a 66.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares in the company, valued at $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 702,402 shares of company stock valued at $18,440,171. Insiders own 0.44% of the company’s stock.
Hewlett Packard Enterprise Company Profile
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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