Hewlett Packard Enterprise (NYSE:HPE) Stock Position Increased by Truist Financial Corp

Truist Financial Corp raised its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,521 shares of the technology company's stock after buying an additional 56,288 shares during the quarter. Truist Financial Corp's holdings in Hewlett Packard Enterprise were worth $8,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HPE. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock worth $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. grew its position in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after acquiring an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP increased its stake in Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock worth $399,507,000 after acquiring an additional 822,722 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Hewlett Packard Enterprise by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after purchasing an additional 617,691 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock valued at $200,776,000 after purchasing an additional 237,321 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fidelma Russo sold 55,908 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total transaction of $1,117,600.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,242 shares of company stock worth $3,253,947. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 1.3 %

Shares of HPE opened at $20.62 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The stock has a 50-day moving average price of $18.59 and a 200 day moving average price of $18.78. The company has a market capitalization of $26.80 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.05 and a beta of 1.19.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price target on the stock. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Morgan Stanley restated an "equal weight" rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus price target of $21.31.

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.