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

QRG Capital Management Inc. lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 30.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,116 shares of the technology company's stock after acquiring 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 Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HPE. CHICAGO TRUST Co NA boosted 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 worth $1,858,000 after purchasing an additional 36,704 shares in the last quarter. Sei Investments Co. boosted its holdings in 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 purchasing an additional 475,397 shares in the last quarter. Cetera Investment Advisers boosted its holdings 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 purchasing an additional 99,394 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Hewlett Packard Enterprise by 1,846.5% in the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company's stock worth $100,070,000 after purchasing an additional 463,965 shares in the last quarter. Finally, Swedbank AB bought a new stake in Hewlett Packard Enterprise in the first quarter worth $26,995,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Antonio F. Neri sold 83,334 shares of the 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 directly owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm'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 transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HPE. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target for the company. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Susquehanna restated a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.46.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.00 on Wednesday. The firm has a market capitalization of $25.97 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. The firm has a 50-day moving average price of $19.41 and a 200 day moving average price of $19.20. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.

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.