Conning Inc. Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Conning Inc. purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 9,938 shares of the technology company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of HPE. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $51,938,000. Norges Bank purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $48,291,000. Finally, Natixis grew its position in shares of Hewlett Packard Enterprise by 10,345.0% in the 1st quarter. Natixis now owns 1,789,965 shares of the technology company’s stock worth $31,736,000 after buying an additional 1,772,828 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.10 on Wednesday, hitting $19.00. 8,570,899 shares of the company’s stock traded hands, compared to its average volume of 14,946,007. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The firm’s 50-day moving average price is $19.83 and its two-hundred day moving average price is $18.28. The firm has a market capitalization of $24.69 billion, a PE ratio of 13.94, a P/E/G ratio of 2.76 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Analyst Ratings Changes

HPE has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Susquehanna lifted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.08.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock worth $2,850,108 in the last three months. Company insiders own 0.40% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.