Wulff Hansen & CO. Acquires 224,550 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Wulff Hansen & CO. increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1,957.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,024 shares of the technology company’s stock after acquiring an additional 224,550 shares during the period. Wulff Hansen & CO.’s holdings in Hewlett Packard Enterprise were worth $4,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB boosted its position in shares of Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares in the last quarter. Sei Investments Co. grew its stake in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after acquiring an additional 475,397 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Hewlett Packard Enterprise by 5.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after acquiring an additional 196,112 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in Hewlett Packard Enterprise in the 1st quarter worth about $931,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HPE. Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Bank of America lowered their price objective on Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, UBS Group increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $20.83.

Hewlett Packard Enterprise Stock Up 0.5 %

HPE stock opened at $17.23 on Tuesday. The business’s 50-day moving average is $18.91 and its two-hundred day moving average is $18.59. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.02%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Hewlett Packard Enterprise Company Profile

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.