OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 453,524 shares of the technology company's stock after buying an additional 84,697 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Hewlett Packard Enterprise were worth $9,279,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $861,000. CHICAGO TRUST Co NA lifted its position in shares of Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock worth $1,858,000 after buying an additional 36,704 shares in the last quarter. National Pension Service lifted its position in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock worth $65,528,000 after buying an additional 472,885 shares in the last quarter. Sei Investments Co. lifted its position in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company's stock worth $23,455,000 after buying an additional 475,397 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company's stock worth $2,149,000 after acquiring an additional 99,394 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.
Insider Transactions at Hewlett Packard Enterprise
In related news, CEO Antonio F. Neri sold 83,334 shares of the firm'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 sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction 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 sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at $31,274,127.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last ninety days. Corporate insiders own 0.40% of the company's stock.
Hewlett Packard Enterprise Stock Down 0.4 %
NYSE:HPE traded down $0.08 during trading hours on Tuesday, hitting $21.94. The company's stock had a trading volume of 2,727,620 shares, compared to its average volume of 15,327,619. The stock has a market capitalization of $28.49 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. The stock has a fifty day moving average of $19.61 and a 200-day moving average of $19.34. 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.
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 was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.37%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on HPE. Susquehanna reissued a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays raised 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 note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on 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. Bank of America raised 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. Finally, UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and an average price target of $21.46.
Check Out Our Latest Analysis on Hewlett Packard Enterprise
About Hewlett Packard Enterprise
(
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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