OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,000 shares of the technology company’s stock after purchasing an additional 40,400 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Hewlett Packard Enterprise were worth $1,651,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Burke & Herbert Bank & Trust Co. boosted its holdings in Hewlett Packard Enterprise by 12.3% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock valued at $443,000 after purchasing an additional 3,380 shares during the period. Intrust Bank NA boosted its holdings in Hewlett Packard Enterprise by 25.2% in the 4th quarter. Intrust Bank NA now owns 17,964 shares of the technology company’s stock valued at $258,000 after purchasing an additional 3,616 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 1.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock valued at $2,849,000 after purchasing an additional 3,711 shares during the period. Greenleaf Trust boosted its holdings in Hewlett Packard Enterprise by 20.4% in the 4th quarter. Greenleaf Trust now owns 22,635 shares of the technology company’s stock valued at $325,000 after purchasing an additional 3,832 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Hewlett Packard Enterprise by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 42,380 shares of the technology company’s stock valued at $623,000 after purchasing an additional 3,970 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,405 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $18.51, for a total transaction of $303,656.55. Following the sale, the insider now directly owns 5,665 shares of the company’s stock, valued at approximately $104,859.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 674,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $18.60, for a total transaction of $12,536,400.00. Following the sale, the director now directly owns 2,167,693 shares in the company, valued at $40,319,089.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,434,834 shares of company stock valued at $61,645,932. 1.18% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise (NYSE HPE) opened at $18.32 on Friday. The stock has a market cap of $29,318.57, a P/E ratio of 19.49, a P/E/G ratio of 1.57 and a beta of 1.82. Hewlett Packard Enterprise has a 12-month low of $12.69 and a 12-month high of $19.48. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.
Hewlett Packard Enterprise announced that its board has authorized a share buyback program on Thursday, February 22nd that allows the company to buyback $5.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is 31.91%.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 price objective for the company. UBS reissued a “neutral” rating and issued a $19.00 price objective (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Deutsche Bank boosted their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.46.
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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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