Taika Capital LP Purchases New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Taika Capital LP acquired a new position in shares of 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 & Exchange Commission. The firm acquired 35,614 shares of the technology company's stock, valued at approximately $729,000.

Other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in shares of Hewlett Packard Enterprise by 101.7% in the third quarter. Quantinno Capital Management LP now owns 322,274 shares of the technology company's stock valued at $6,594,000 after acquiring an additional 162,493 shares during the period. Royal London Asset Management Ltd. boosted its stake in Hewlett Packard Enterprise by 1.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 549,728 shares of the technology company's stock worth $11,247,000 after purchasing an additional 10,276 shares during the period. Redwood Investment Management LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $2,003,000. Pinpoint Asset Management Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $334,000. Finally, Penn Mutual Asset Management grew its holdings in shares of Hewlett Packard Enterprise by 45.0% during the third quarter. Penn Mutual Asset Management now owns 23,200 shares of the technology company's stock worth $475,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 11.5 %

Shares of NYSE:HPE traded up $2.49 during trading on Friday, reaching $24.14. The stock had a trading volume of 26,417,049 shares, compared to its average volume of 15,192,317. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The business has a fifty day moving average price of $20.83 and a 200-day moving average price of $19.85. The stock has a market cap of $31.35 billion, a P/E ratio of 17.17, a PEG ratio of 3.33 and a beta of 1.21. 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 (NYSE:HPE - Get Free Report) last announced 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. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The business's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.15%. Hewlett Packard Enterprise's dividend payout ratio is currently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 in the last three months. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HPE shares. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Susquehanna reiterated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.36.

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.