Fifth Third Bancorp Raises Position in Hewlett Packard Enterprise (NYSE:HPE)

Fifth Third Bancorp lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 173.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,606 shares of the technology company's stock after purchasing an additional 53,064 shares during the quarter. Fifth Third Bancorp's holdings in Hewlett Packard Enterprise were worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hewlett Packard Enterprise by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company's stock valued at $301,151,000 after buying an additional 695,038 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $152,559,000 after purchasing an additional 83,037 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company's stock worth $84,166,000 after buying an additional 517,734 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Hewlett Packard Enterprise by 18.4% during the 1st quarter. Retirement Systems of Alabama now owns 4,448,812 shares of the technology company's stock worth $78,877,000 after purchasing an additional 691,080 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 0.5 %

HPE stock traded down $0.10 during trading on Thursday, hitting $18.78. The company had a trading volume of 7,194,695 shares, compared to its average volume of 15,120,713. The firm has a market capitalization of $24.41 billion, a P/E ratio of 13.71, a PEG ratio of 2.76 and a beta of 1.20. The company has a 50 day simple moving average of $19.92 and a 200-day simple moving average of $18.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. 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 (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.77%. Hewlett Packard Enterprise's payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HPE shares. Susquehanna boosted their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 5th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, June 5th. Argus upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a report on Friday, June 7th. Sanford C. Bernstein increased 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 report on Wednesday, June 5th. Finally, Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and a consensus target price of $21.08.

Insider Activity

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company'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 in the company, valued at $2,944,995.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company's stock, valued at $1,236,945.27. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated 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 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. Insiders sold 140,141 shares of company stock worth $2,850,108 over the last three months. 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.