Redwood Investment Management LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,356 shares of the technology company's stock, valued at approximately $2,003,000.
Several other hedge funds have also recently added to or reduced their stakes in HPE. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $861,000. CHICAGO TRUST Co NA boosted its position 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 buying an additional 36,704 shares in the last quarter. National Pension Service grew its stake in Hewlett Packard Enterprise by 17.3% during 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 during the last quarter. Cetera Investment Advisers increased its holdings in shares of 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 buying an additional 99,394 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.
Hewlett Packard Enterprise Trading Up 10.6 %
HPE traded up $2.30 during midday trading on Friday, reaching $23.96. 37,708,387 shares of the company were exchanged, compared to its average volume of 15,243,612. The stock has a market capitalization of $31.11 billion, a P/E ratio of 17.11, a PEG ratio of 3.33 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The stock's 50-day simple moving average is $20.83 and its 200 day simple moving average is $19.85. 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 released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.17%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 37.14%.
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. The trade was a 26.11 % 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 valued at $8,599,617. 0.40% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Susquehanna reissued a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.36.
Check Out Our Latest Research Report 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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