Sei Investments Co. Purchases 475,397 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Sei Investments Co. lifted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 56.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,322,885 shares of the technology company's stock after buying an additional 475,397 shares during the period. Sei Investments Co. owned approximately 0.10% of Hewlett Packard Enterprise worth $23,455,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in Hewlett Packard Enterprise by 5.1% in the third quarter. American Century Companies Inc. now owns 918,519 shares of the technology company's stock worth $15,955,000 after buying an additional 44,530 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Hewlett Packard Enterprise by 51.9% in the 3rd quarter. Wellington Management Group LLP now owns 87,085 shares of the technology company's stock worth $1,513,000 after acquiring an additional 29,737 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 9.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company's stock worth $866,000 after acquiring an additional 4,333 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Hewlett Packard Enterprise by 4.5% during the fourth quarter. Nordea Investment Management AB now owns 4,205,386 shares of the technology company's stock worth $71,365,000 after purchasing an additional 180,667 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in shares of Hewlett Packard Enterprise by 10.1% during the fourth quarter. Raymond James Trust N.A. now owns 12,070 shares of the technology company's stock valued at $205,000 after purchasing an additional 1,107 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.0 %

Shares of HPE traded down $0.01 during midday trading on Tuesday, reaching $21.43. 7,876,692 shares of the stock were exchanged, compared to its average volume of 15,992,341. The company has a market cap of $27.85 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 3.06 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm has a 50 day simple moving average of $19.65 and a 200-day simple moving average of $17.65.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion during the quarter, compared to analysts' expectations of $6.82 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS 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. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.43%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 37.96%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 5th. Argus upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a research report on Friday, June 7th. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 5th. Susquehanna increased their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, June 5th. Finally, StockNews.com raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.08.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 36,671 shares of the firm's stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now directly owns 111,054 shares of the company's stock, valued at approximately $2,277,717.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares in the company, valued at approximately $2,277,717.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company's stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,464 shares of company stock worth $3,160,866. 0.40% of the stock is owned by corporate insiders.

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.