National Pension Service Acquires 472,885 Shares of Hewlett Packard Enterprise (NYSE:HPE)

National Pension Service boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 17.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,202,752 shares of the technology company's stock after acquiring an additional 472,885 shares during the period. National Pension Service owned 0.25% of Hewlett Packard Enterprise worth $65,528,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in shares of Hewlett Packard Enterprise by 27.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 165,242 shares of the technology company's stock valued at $2,930,000 after buying an additional 35,887 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at about $61,000. Daiwa Securities Group Inc. lifted its holdings in Hewlett Packard Enterprise by 2.7% in the first quarter. Daiwa Securities Group Inc. now owns 136,026 shares of the technology company's stock valued at $2,412,000 after acquiring an additional 3,537 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $388,000. Finally, Chevy Chase Trust Holdings LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.4% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 721,862 shares of the technology company's stock worth $12,799,000 after acquiring an additional 3,018 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded up $1.26 on Wednesday, reaching $21.26. The company's stock had a trading volume of 9,804,254 shares, compared to its average volume of 15,400,141. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $27.61 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The business has a 50-day moving average price of $19.41 and a 200 day moving average price of $19.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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 2.45%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares of the company's stock, valued at $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm's 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 completion of the transaction, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HPE has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a "neutral" rating and a $20.00 target price for the company. Loop Capital upped their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price for the company. Finally, UBS Group lifted 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 report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.46.

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.