Argyle Capital Management Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 145.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,700 shares of the technology company's stock after purchasing an additional 84,025 shares during the quarter. Argyle Capital Management Inc.'s holdings in Hewlett Packard Enterprise were worth $2,899,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. raised its stake 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 worth $490,925,000 after buying an additional 23,035,594 shares during the last quarter. Marshall Wace LLP raised its position in shares of Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after acquiring an additional 8,560,086 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 period. Panagora Asset Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 336.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after purchasing an additional 3,291,880 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $51,938,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price objective on the stock. Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price target on the stock. Finally, Susquehanna restated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.46.
Read Our Latest Stock Report on HPE
Hewlett Packard Enterprise Stock Up 0.7 %
Shares of NYSE HPE traded up $0.14 during trading on Tuesday, hitting $19.87. The stock had a trading volume of 7,818,636 shares, compared to its average volume of 15,512,340. The firm has a fifty day moving average of $19.29 and a two-hundred day moving average of $19.08. The company has a market capitalization of $25.82 billion, a PE ratio of 14.50, a PEG ratio of 3.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. 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 posted its quarterly earnings data 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 firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.
Insider Buying and Selling
In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction dated 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 approximately $1,395,037. 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 accessible through this link. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction 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 directly owns 82,061 shares of the company's stock, valued at $1,395,037. 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. Also, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by insiders.
Hewlett Packard Enterprise Profile
(
Free Report)
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.
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