Dupont Capital Management Corp boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 1,600.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,830 shares of the technology company’s stock after acquiring an additional 18,664 shares during the period. Dupont Capital Management Corp’s holdings in Hewlett Packard Enterprise were worth $316,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in Hewlett Packard Enterprise by 1,682.6% in the first quarter. SG Americas Securities LLC now owns 441,815 shares of the technology company’s stock worth $7,038,000 after acquiring an additional 417,030 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Hewlett Packard Enterprise by 0.5% during the first quarter. State of Michigan Retirement System now owns 488,381 shares of the technology company’s stock valued at $7,780,000 after buying an additional 2,300 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Hewlett Packard Enterprise by 4.3% during the first quarter. Janney Montgomery Scott LLC now owns 137,697 shares of the technology company’s stock valued at $2,194,000 after buying an additional 5,638 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Hewlett Packard Enterprise by 7.1% during the first quarter. Handelsbanken Fonder AB now owns 258,728 shares of the technology company’s stock valued at $4,122,000 after buying an additional 17,045 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Hewlett Packard Enterprise by 1,553.4% during the first quarter. North Star Investment Management Corp. now owns 11,739 shares of the technology company’s stock valued at $187,000 after buying an additional 11,029 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.
Hewlett Packard Enterprise Price Performance
NYSE HPE opened at $17.20 on Friday. The stock has a market capitalization of $22.21 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.65 and a beta of 1.26. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.74. The business’s fifty day moving average is $16.03 and its two-hundred day moving average is $15.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.87.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hewlett Packard Enterprise had a return on equity of 5.05% and a net margin of 3.46%. The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.36 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, June 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 61.54%.
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, EVP John F. Schultz sold 226,078 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $16.01, for a total transaction of $3,619,508.78. Following the transaction, the executive vice president now directly owns 224,491 shares in the company, valued at approximately $3,594,100.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP John F. Schultz sold 226,078 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $16.01, for a total transaction of $3,619,508.78. Following the transaction, the executive vice president now directly owns 224,491 shares in the company, valued at approximately $3,594,100.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tarek Robbiati sold 159,180 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.01, for a total transaction of $2,548,471.80. Following the completion of the sale, the chief financial officer now owns 159,073 shares of the company’s stock, valued at $2,546,758.73. The disclosure for this sale can be found here. Insiders have sold a total of 433,504 shares of company stock valued at $6,954,746 in the last three months. 0.53% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Thursday, June 29th. They set a “neutral” rating and a $18.00 price target on the stock. Barclays cut their target price on Hewlett Packard Enterprise from $18.00 to $16.00 in a research report on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft cut their target price on Hewlett Packard Enterprise from $16.00 to $15.00 in a research report on Wednesday, May 31st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America upped their target price on Hewlett Packard Enterprise from $17.00 to $18.00 in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.73.
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.
Further Reading
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