Teachers Advisors LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,351,799 shares of the technology company’s stock after purchasing an additional 11,277 shares during the quarter. Teachers Advisors LLC owned approximately 0.21% of Hewlett Packard Enterprise worth $48,132,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Newman Dignan & Sheerar Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $207,000. BB&T Securities LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $156,000. Daiwa SB Investments Ltd. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $156,000. Clear Harbor Asset Management LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $158,000. Finally, Empirical Financial Services LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $159,000. Institutional investors own 82.97% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a report on Friday, March 2nd. They set a “neutral” rating and a $21.00 price target on the stock. Deutsche Bank lifted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets lifted their price target on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Finally, UBS reiterated a “neutral” rating and set a $19.00 price target (up from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.46.
In other news, Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $18.88, for a total value of $12,725,120.00. Following the completion of the transaction, the director now directly owns 2,167,693 shares in the company, valued at $40,926,043.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keerti Melkote sold 87,113 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $18.87, for a total value of $1,643,822.31. Following the completion of the transaction, the insider now owns 87,113 shares of the company’s stock, valued at $1,643,822.31. The disclosure for this sale can be found here. Insiders sold 2,760,834 shares of company stock valued at $49,109,532 over the last three months. Company insiders own 1.18% of the company’s stock.
Shares of Hewlett Packard Enterprise stock opened at $18.79 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93. Hewlett Packard Enterprise has a 52-week low of $12.69 and a 52-week high of $19.48. The stock has a market capitalization of $29,443.93, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.82.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is currently 31.91%.
Hewlett Packard Enterprise declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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).
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