AustralianSuper Pty Ltd Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

AustralianSuper Pty Ltd increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,150,791 shares of the technology company's stock after acquiring an additional 104,711 shares during the quarter. AustralianSuper Pty Ltd owned about 0.32% of Hewlett Packard Enterprise worth $84,925,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital Investment Counsel Inc increased its stake in Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock valued at $874,000 after purchasing an additional 500 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after acquiring an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after acquiring an additional 536 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after acquiring an additional 580 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management boosted its holdings in Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock worth $483,000 after buying an additional 581 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HPE shares. Susquehanna reissued a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. 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 target on the stock. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.46.

Hewlett Packard Enterprise Stock Down 4.2 %

Shares of HPE stock traded down $0.85 during trading on Thursday, reaching $19.49. The company's stock had a trading volume of 11,743,484 shares, compared to its average volume of 15,505,819. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 3.79 and a beta of 1.19. The stock's 50-day moving average price is $19.34 and its 200 day moving average price is $19.11. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company's stock.

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.