International Assets Investment Management LLC Raises Holdings in Hewlett Packard Enterprise (NYSE:HPE)

International Assets Investment Management LLC grew its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 1,846.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,092 shares of the technology company's stock after purchasing an additional 463,965 shares during the period. International Assets Investment Management LLC's holdings in Hewlett Packard Enterprise were worth $100,070,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HPE. Park Avenue Securities LLC boosted its position in Hewlett Packard Enterprise by 11.4% in the first quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company's stock worth $387,000 after purchasing an additional 2,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hewlett Packard Enterprise by 23.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,314 shares of the technology company's stock worth $1,530,000 after buying an additional 16,374 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in Hewlett Packard Enterprise by 39.3% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 17,519 shares of the technology company's stock worth $311,000 after buying an additional 4,943 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Hewlett Packard Enterprise by 1,118.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 225,744 shares of the technology company's stock worth $4,002,000 after buying an additional 207,213 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Hewlett Packard Enterprise by 1.0% in the first quarter. State of Michigan Retirement System now owns 495,581 shares of the technology company's stock worth $8,787,000 after acquiring an additional 5,000 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HPE shares. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price for the company. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, UBS Group boosted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.46.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The shares were 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 directly owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Jeremy Cox sold 7,770 shares of the 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 directly owns 7,771 shares in the company, valued at approximately $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.06 during mid-day trading on Friday, hitting $19.46. 7,901,442 shares of the stock traded hands, compared to its average volume of 12,955,084. The business's 50-day moving average price is $19.27 and its 200 day moving average price is $19.06. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.27 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.

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.