Harvest Fund Management Co. Ltd lessened its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 96.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,098 shares of the technology company's stock after selling 75,239 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Hewlett Packard Enterprise were worth $63,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after buying an additional 23,035,594 shares during the last quarter. Marshall Wace LLP raised its stake in Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock valued at $186,831,000 after acquiring an additional 8,560,086 shares during the period. Eagle Asset Management Inc. lifted its holdings in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after purchasing an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in Hewlett Packard Enterprise during the third quarter worth $105,185,000. Finally, Panagora Asset Management Inc. boosted its position in Hewlett Packard Enterprise by 336.7% during the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock worth $90,387,000 after purchasing an additional 3,291,880 shares during the period. 80.78% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on HPE. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price 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 raised their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group upped 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. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target for the company. Finally, Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $22.21.
Check Out Our Latest Research Report on HPE
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $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. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last quarter. Insiders own 0.40% of the company's stock.
Hewlett Packard Enterprise Price Performance
Shares of NYSE:HPE traded down $1.33 during midday trading on Thursday, hitting $20.80. The stock had a trading volume of 16,174,002 shares, compared to its average volume of 15,186,517. The company's 50-day moving average price is $20.58 and its 200-day moving average price is $19.71. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $27.01 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.47 and a beta of 1.19.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. Hewlett Packard Enterprise's revenue was up 10.1% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is 37.14%.
Hewlett Packard Enterprise Company Profile
(
Free Report)
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.
See Also
Before you consider Hewlett Packard Enterprise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hewlett Packard Enterprise wasn't on the list.
While Hewlett Packard Enterprise currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
