Black Swift Group LLC Invests $1.23 Million in Hewlett Packard Enterprise (NYSE:HPE)

Black Swift Group LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 60,000 shares of the technology company's stock, valued at approximately $1,228,000.

Several other hedge funds also recently added to or reduced their stakes in HPE. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Pacer Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 valued at $399,507,000 after purchasing an additional 822,722 shares in the last quarter. Legal & General Group Plc boosted its holdings in Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after buying an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Hewlett Packard Enterprise by 2.6% during 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 buying an additional 237,321 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Down 2.3 %

Shares of HPE traded down $0.51 during mid-day trading on Thursday, reaching $21.35. The stock had a trading volume of 8,999,358 shares, compared to its average volume of 15,301,063. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 3.37 and a beta of 1.19. The business's fifty day moving average is $19.73 and its 200 day moving average is $19.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Analysts Set New Price Targets

A number of research firms have recently commented on HPE. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $21.46.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise 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.