National Pension Service raised its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 17.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,202,752 shares of the technology company's stock after buying an additional 472,885 shares during the quarter. National Pension Service owned about 0.25% of Hewlett Packard Enterprise worth $65,528,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. grew its stake in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after purchasing an additional 1,143 shares during the period. Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC lifted its position in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after buying an additional 1,282 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock valued at $41,000 after buying an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price objective on the stock. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Loop Capital boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, September 5th. Finally, Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $21.46.
Get Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Stock Performance
Shares of NYSE:HPE traded up $1.33 during mid-day trading on Wednesday, reaching $21.33. 15,482,588 shares of the company traded hands, compared to its average volume of 11,314,023. The company's 50 day moving average price is $19.45 and its 200-day moving average price is $19.22. The firm has a market cap of $27.70 billion, a PE ratio of 15.24, a PEG 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 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 announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.14%.
Insiders Place Their Bets
In related news, CEO Antonio F. Neri sold 250,000 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred 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 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 represents a 0.00 % decrease in their position. The transaction 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 250,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 in the last three months. 0.40% of the stock is owned by company insiders.
Hewlett Packard Enterprise 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
