Pacer Advisors Inc. Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Pacer Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,383,858 shares of the technology company's stock after acquiring an additional 4,194,213 shares during the period. Hewlett Packard Enterprise comprises about 1.2% of Pacer Advisors Inc.'s portfolio, making the stock its 4th largest position. Pacer Advisors Inc. owned about 2.11% of Hewlett Packard Enterprise worth $560,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HPE. Moloney Securities Asset Management LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $861,000. CHICAGO TRUST Co NA boosted its stake in shares of Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock worth $1,858,000 after buying an additional 36,704 shares during the last quarter. National Pension Service grew its holdings in shares of Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock valued at $65,528,000 after acquiring an additional 472,885 shares in the last quarter. Cetera Investment Advisers raised its holdings in Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company's stock worth $2,149,000 after acquiring an additional 99,394 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company's stock valued at $100,070,000 after purchasing an additional 463,965 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HPE. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Susquehanna reissued a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Citigroup raised their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average price target of $22.21.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.62 during mid-day trading on Thursday, reaching $21.80. The company had a trading volume of 9,368,046 shares, compared to its average volume of 15,210,980. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The business's 50-day simple moving average is $20.15 and its 200 day simple moving average is $19.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 3.36 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the business posted $0.35 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. Hewlett Packard Enterprise's payout ratio is currently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by insiders.

About Hewlett Packard Enterprise

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.