Worldquant Millennium Advisors LLC Makes New $4.55 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Worldquant Millennium Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 222,569 shares of the technology company's stock, valued at approximately $4,554,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after buying an additional 1,143 shares during the period. Finally, Financial Management Professionals Inc. grew its position in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after buying an additional 637 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $2.30 during midday trading on Friday, reaching $23.95. 37,723,244 shares of the stock were exchanged, compared to its average volume of 10,814,675. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The company has a fifty day moving average price of $20.90 and a 200 day moving average price of $19.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $31.10 billion, a PE ratio of 12.61, a P/E/G ratio of 3.40 and a beta of 1.21.

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 for the quarter, topping the consensus estimate 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 company had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts expect that Hewlett Packard Enterprise will post 1.83 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

Insider Activity

In other news, EVP Fidelma Russo sold 55,908 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group upped their target price 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. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $23.00 to $28.00 in a research note on Thursday. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Loop Capital increased 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price objective for the company. Seven 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 company's stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus target price 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.