DNB Asset Management AS increased its holdings of Hewlett Packard Enterprise (NYSE: HPE – Get Rating) stock by 11.7% during the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The company held 215,413 shares of the technology company after purchasing an additional 22,493 shares during the period. DNB Asset Management AS’s holdings in Hewlett Packard Enterprise were worth $3,600,000 when it last filed with the SEC.
A number of other large investors also changed their stake in the company. Louisiana State Employees Retirement System increased its stake in Hewlett Packard Enterprise by 0.9% during the fourth quarter. The Louisiana State Employees Retirement System now owns 82,000 shares of the tech company worth $1,293,000 after purchasing an additional 700 shares during the period. Spire Wealth Management increased its stake in Hewlett Packard Enterprise by 14.9% during the fourth quarter. Spire Wealth Management now owns 6,302 shares of the technology company worth $99,000 after buying 817 additional shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Hewlett Packard Enterprise by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company worth $4,663,000 after buying 891 additional shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company worth $45,000 after buying 919 additional shares during the period. Finally, Westside Investment Management Inc. increased its stake in Hewlett Packard Enterprise by 0.9% during the fourth quarter. Westside Investment Management Inc. now owns 102,452 shares of the technology company worth $1,615,000 after buying 920 additional shares during the period. Institutional investors hold 82.70% of the company’s shares.
In other news, Executive Vice Chairman Alan Richard May sold 94,705 shares in a trade that took place on Friday, June 3. The stock was sold at an average price of $15.08, for a total value of $1,428,151.40. Following the completion of the sale, the executive vice president now directly owns 310,500 shares of the company, valued at $4,682,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Executive Vice Chairman Thomas E. Black, Jr. sold 28,347 shares in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The disclosure of this sale can be found here. 0.45% of the shares are currently held by company insiders.
HPE shares opened at $13.62 on Friday. The stock has a 50-day moving average price of $15.16 and a 200-day moving average price of $15.98. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt ratio of 0.43. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 4.90, a growth price-to-earnings ratio of 3.11, and a beta of 1.15. Hewlett Packard Enterprise has a 52-week minimum of $12.99 and a 52-week maximum of $17.76.
Hewlett Packard Enterprise (NYSE: HPE – Get Rating) last reported quarterly results on Wednesday, June 1. The tech company reported earnings per share (EPS) of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). The company posted revenue of $6.70 billion in the quarter, versus analyst estimates of $6.80 billion. Hewlett Packard Enterprise achieved a net margin of 13.28% and a return on equity of 19.01%. The company’s revenue for the quarter increased by 0.0% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.19. On average, stock analysts expect Hewlett Packard Enterprise to post an EPS of 1.2 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8. Shareholders of record on Monday, June 13 will receive a dividend of $0.12. This represents an annualized dividend of $0.48 and a dividend yield of 3.52%. The ex-dividend date is Friday, June 10. Hewlett Packard Enterprise’s payout ratio is currently 17.27%.
A number of analysts have released reports on the stock. Morgan Stanley downgraded Hewlett Packard Enterprise shares from an “equal weight” rating to an “underweight” rating and lowered its price target for the stock from $17.00 to $15.00 in a research note from Tuesday, April 12. They noted that the move was a review call. Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and lowered its price target for the stock from $18.00 to $16.00 in a Tuesday research report June 14. Sanford C. Bernstein upgraded Hewlett Packard Enterprise from a “market performance” rating to an “outperform” rating and set a price target of $20.00 for the company in a Wednesday 2 research report march. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a Monday, June 6 research report. Finally, KGI Securities began covering Hewlett Packard Enterprise in a research report on Tuesday, April 19. They set an “outperform” rating for the company. Three equity research analysts have assigned the stock a sell rating, three have issued a hold rating and six have assigned the stock a buy rating. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.50.
About Hewlett Packard Enterprise (Get a rating)
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE and HPE XP Modular Storage Arrays.
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