Guidance Capital Inc. Makes New $931,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Guidance Capital Inc. bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 53,962 shares of the technology company's stock, valued at approximately $931,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Hewlett Packard Enterprise by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company's stock valued at $301,151,000 after purchasing an additional 695,038 shares during the period. Morgan Stanley lifted its stake in shares of Hewlett Packard Enterprise by 4.2% in the third quarter. Morgan Stanley now owns 15,879,051 shares of the technology company's stock valued at $275,819,000 after purchasing an additional 634,727 shares during the period. AQR Capital Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 10.0% in the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company's stock valued at $250,052,000 after purchasing an additional 1,309,878 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company's stock valued at $152,559,000 after purchasing an additional 83,037 shares during the period. Finally, abrdn plc raised its position in Hewlett Packard Enterprise by 12.6% during the fourth quarter. abrdn plc now owns 5,048,253 shares of the technology company's stock worth $85,719,000 after acquiring an additional 566,512 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.6 %

HPE traded up $0.13 during trading on Friday, hitting $21.17. The company had a trading volume of 17,398,883 shares, compared to its average volume of 27,283,332. The company has a market cap of $27.51 billion, a PE ratio of 15.45, a P/E/G ratio of 3.06 and a beta of 1.18. The business has a 50-day moving average of $18.74 and a 200-day moving average of $17.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be given a $0.13 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 5th. Susquehanna boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 5th. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 5th. Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 5th. Finally, Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Friday, June 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $21.08.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the firm's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Jeremy Cox sold 18,323 shares of the firm's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the firm's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company's stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders sold 158,464 shares of company stock worth $3,160,866 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

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.