QRG Capital Management Inc. Buys 78,221 Shares of Hewlett Packard Enterprise (NYSE:HPE)

QRG Capital Management Inc. increased its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 30.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 337,116 shares of the technology company's stock after buying an additional 78,221 shares during the quarter. QRG Capital Management Inc.'s holdings in Hewlett Packard Enterprise were worth $6,897,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. CHICAGO TRUST Co NA raised its holdings in 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 valued at $1,858,000 after acquiring an additional 36,704 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company's stock worth $23,455,000 after purchasing an additional 475,397 shares during the last quarter. Cetera Investment Advisers increased its position in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company's stock worth $2,149,000 after buying an additional 99,394 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company's stock valued at $100,070,000 after acquiring an additional 463,965 shares during the period. Finally, Swedbank AB acquired a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $26,995,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 6.6 %

Shares of HPE traded up $1.33 on Wednesday, hitting $21.33. The company's stock had a trading volume of 12,454,103 shares, compared to its average volume of 15,407,043. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.45 and a beta of 1.19. The firm's fifty day moving average price is $19.41 and its 200-day moving average price is $19.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results 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. The firm 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%. 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. On average, equities research analysts expect 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. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio is 37.14%.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise 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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HPE shares. Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price objective for the company. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Susquehanna reiterated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $21.46.

Hewlett Packard Enterprise Company 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.