Pitcairn Co. Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Pitcairn Co. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 130.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 101,072 shares of the technology company's stock after buying an additional 57,135 shares during the quarter. Pitcairn Co.'s holdings in Hewlett Packard Enterprise were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HPE. Pacer Advisors Inc. raised its position in shares of Hewlett Packard Enterprise by 14,953.2% in the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after acquiring an additional 23,035,594 shares in 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. Eagle Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after acquiring an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $105,185,000. Finally, Panagora Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise by 336.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock worth $90,387,000 after acquiring an additional 3,291,880 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded up $0.36 on Friday, hitting $22.10. 8,865,765 shares of the company traded hands, compared to its average volume of 11,014,030. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.40 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $20.35 and its 200-day moving average price is $19.61. 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 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. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current 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 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 yield of 2.35%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.14%.

Insider Transactions 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 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 directly owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

HPE has been the subject of several research reports. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Finally, Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $22.21.

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.