Greenleaf Trust boosted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,635 shares of the technology company’s stock after buying an additional 3,832 shares during the quarter. Greenleaf Trust’s holdings in Hewlett Packard Enterprise were worth $325,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in HPE. Stifel Financial Corp raised its holdings in Hewlett Packard Enterprise by 12.2% during the second quarter. Stifel Financial Corp now owns 62,204 shares of the technology company’s stock worth $1,032,000 after purchasing an additional 6,783 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 31.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 109,507 shares of the technology company’s stock worth $1,817,000 after purchasing an additional 26,461 shares in the last quarter. WFG Advisors LP raised its holdings in Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares in the last quarter. FormulaFolio Investments LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $148,000. Finally, Fisher Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $280,000. 83.66% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Co (NYSE:HPE) traded up $1.73 during trading hours on Friday, hitting $18.14. The stock had a trading volume of 45,014,809 shares, compared to its average volume of 11,650,000. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $19.16. The company has a market capitalization of $28,910.00 and a PE ratio of -181.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.18% and a net margin of 4.52%. The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts expect that Hewlett Packard Enterprise Co will post 1.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.075 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.65%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.
Hewlett Packard Enterprise declared that its Board of Directors has approved a share buyback plan on Thursday, February 22nd that authorizes the company to buyback $5.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
A number of analysts have weighed in on the stock. Maxim Group raised their price objective on shares of Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Sanford C. Bernstein reiterated a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Pivotal Research restated a “hold” rating and set a $20.00 target price (up from $13.00) on shares of Hewlett Packard Enterprise in a research report on Friday. Finally, Morgan Stanley restated a “hold” rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.04.
In related news, Director Margaret C. Whitman sold 242,165 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $15.27, for a total value of $3,697,859.55. Following the completion of the sale, the director now directly owns 1,705,823 shares of the company’s stock, valued at approximately $26,047,917.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Henry Gomez sold 805,214 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the sale, the executive vice president now directly owns 363,278 shares of the company’s stock, valued at $6,023,149.24. The disclosure for this sale can be found here. Insiders sold a total of 1,407,123 shares of company stock valued at $22,389,810 in the last quarter. 1.18% of the stock is currently owned by corporate insiders.
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Hewlett Packard Enterprise Company 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).
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