Hewlett Packard Enterprise Company (HPE) Shares Bought by Third Point LLC

Third Point LLC lifted its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 16.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000,000 shares of the technology company’s stock after purchasing an additional 1,000,000 shares during the quarter. Hewlett Packard Enterprise accounts for 1.0% of Third Point LLC’s portfolio, making the stock its 28th largest position. Third Point LLC owned about 0.43% of Hewlett Packard Enterprise worth $116,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPE. BlackRock Inc. lifted its position in shares of 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 worth $2,356,975,000 after purchasing an additional 95,915,907 shares in the last quarter. Dodge & Cox lifted its position in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 worth $170,315,000 after purchasing an additional 6,081,628 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares in the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Margaret C. Whitman sold 389,651 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total transaction of $6,807,202.97. Following the transaction, the chief executive officer now directly owns 1,157,250 shares of the company’s stock, valued at approximately $20,217,157.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at $17,150,556.06. The disclosure for this sale can be found here. Insiders have sold a total of 2,266,908 shares of company stock worth $37,619,353 over the last three months. 0.87% of the stock is owned by insiders.

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A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, September 18th. Loop Capital assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target for the company. Barclays PLC reissued an “underweight” rating and issued a $17.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.79.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

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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