Perpetual Ltd Takes $739,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Perpetual Ltd purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,131 shares of the technology company's stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. V Square Quantitative Management LLC grew its holdings in Hewlett Packard Enterprise by 25.2% in the fourth quarter. V Square Quantitative Management LLC now owns 28,571 shares of the technology company's stock valued at $485,000 after purchasing an additional 5,751 shares during the period. EP Wealth Advisors LLC increased its holdings in Hewlett Packard Enterprise by 53.4% in the 4th quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company's stock worth $557,000 after acquiring an additional 11,420 shares in the last quarter. Fisher Asset Management LLC raised its position in Hewlett Packard Enterprise by 605.2% during the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company's stock worth $55,000 after acquiring an additional 2,790 shares during the period. HighPoint Advisor Group LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at $318,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $491,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.6 %

NYSE:HPE traded up $0.13 during trading hours on Friday, hitting $20.67. The company's stock had a trading volume of 8,488,023 shares, compared to its average volume of 15,814,741. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock has a market capitalization of $26.86 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The stock has a fifty day moving average of $18.75 and a 200-day moving average of $18.89.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target for the company. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Morgan Stanley reiterated an "equal weight" rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and a consensus target price of $21.36.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This 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 available through this link. Also, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, October 2nd. The shares were 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. Over the last three months, insiders have sold 176,012 shares of company stock worth $3,417,117. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise 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.