Hewlett Packard Enterprise (NYSE:HPE) is UG Investment Advisers Ltd.'s 9th Largest Position

UG Investment Advisers Ltd. trimmed its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 88.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,163 shares of the technology company's stock after selling 1,245,083 shares during the period. Hewlett Packard Enterprise makes up about 1.3% of UG Investment Advisers Ltd.'s holdings, making the stock its 9th biggest position. UG Investment Advisers Ltd.'s holdings in Hewlett Packard Enterprise were worth $3,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in 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 buying an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock worth $399,507,000 after purchasing an additional 822,722 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Hewlett Packard Enterprise by 3.8% during 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock worth $200,776,000 after purchasing an additional 237,321 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.57 during trading on Friday, hitting $20.06. The stock had a trading volume of 12,601,951 shares, compared to its average volume of 11,253,803. The company's 50 day moving average price is $19.37 and its two-hundred day moving average price is $19.14. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.71 and a beta of 1.19. 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 (NYSE:HPE - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share 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 firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was 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 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 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. Insiders sold 426,012 shares of company stock worth $8,599,617 in the last 90 days. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group boosted their target price 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. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Finally, Susquehanna reaffirmed a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.46.

About Hewlett Packard Enterprise

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.