Advisors Asset Management Inc. Purchases 57,879 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Advisors Asset Management Inc. increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 40.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,475 shares of the technology company's stock after purchasing an additional 57,879 shares during the period. Advisors Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $4,081,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after buying an additional 23,035,594 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock worth $399,507,000 after buying an additional 822,722 shares during the last quarter. Legal & General Group Plc grew its position in shares of Hewlett Packard Enterprise by 3.8% in the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock valued at $358,602,000 after purchasing an additional 617,691 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hewlett Packard Enterprise by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock valued at $200,776,000 after acquiring an additional 237,321 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Hewlett Packard Enterprise by 3,228.2% during the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after buying an additional 8,560,086 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last 90 days. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 1.7 %

Shares of NYSE HPE traded up $0.36 on Friday, hitting $22.10. The company had a trading volume of 8,865,765 shares, compared to its average volume of 11,014,030. The firm has a market capitalization of $28.70 billion, a P/E ratio of 15.78, a PEG ratio of 3.40 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The business has a 50 day moving average of $20.35 and a two-hundred day moving average of $19.60.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price target on the stock. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.21.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.