Alliancebernstein L.P. Buys 889,726 Shares of Hewlett Packard Enterprise Company (HPE)

Alliancebernstein L.P. raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,000,902 shares of the technology company’s stock after acquiring an additional 889,726 shares during the quarter. Alliancebernstein L.P. owned approximately 0.73% of Hewlett Packard Enterprise worth $199,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. BlackRock Inc. boosted its stake in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after acquiring an additional 95,915,907 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after acquiring an additional 13,343,212 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock valued at $170,315,000 after acquiring an additional 6,081,628 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Hewlett Packard Enterprise by 9.6% during the 1st quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 27.7% during the 2nd quarter. Pzena Investment Management LLC now owns 22,129,234 shares of the technology company’s stock valued at $367,124,000 after buying an additional 4,794,388 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 194,844 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $16.73, for a total value of $3,259,740.12. Following the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,471,801.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,212,729 shares of company stock worth $37,471,052. 0.87% of the stock is owned by corporate insiders.

A number of analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Credit Suisse Group restated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Barclays PLC upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $19.03.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.37% during midday trading on Friday, hitting $13.52. 15,605,995 shares of the stock were exchanged. Hewlett Packard Enterprise Company has a 1-year low of $12.26 and a 1-year high of $14.86. The firm has a 50-day moving average of $13.61 and a 200-day moving average of $13.66. The company has a market capitalization of $22.21 billion, a P/E ratio of 10.25 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise Company will post $1.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.92%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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