AlphaCrest Capital Management LLC lifted its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,700 shares of the technology company’s stock after buying an additional 3,900 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $366,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $38,000. Private Ocean LLC lifted its holdings in shares of Hewlett Packard Enterprise by 34.9% in the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after buying an additional 668 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $40,000. Liberty Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $34,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after buying an additional 2,600 shares in the last quarter. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on HPE shares. BMO Capital Markets reissued a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price target on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, February 26th. Daiwa Capital Markets started coverage on shares of Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price target on the stock. Finally, UBS Group downgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $13.00 in a report on Tuesday, March 12th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $16.71.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Antonio F. Neri sold 591,276 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the transaction, the insider now directly owns 59,110 shares in the company, valued at $975,906.10. The disclosure for this sale can be found here. Insiders sold 692,317 shares of company stock worth $11,169,262 over the last ninety days. 0.56% of the stock is currently owned by insiders.
Shares of HPE opened at $14.35 on Friday. The company has a market capitalization of $18.94 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.31 and a beta of 1.60. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.59.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. Hewlett Packard Enterprise’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Hewlett Packard Enterprise Co will post 1.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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