Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,856,810 shares of the technology company’s stock after buying an additional 1,508,612 shares during the period. Vanguard Group Inc. owned approximately 6.75% of Hewlett Packard Enterprise worth $1,839,114,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after buying an additional 266 shares during the last quarter. Harfst & Associates Inc. bought a new position in Hewlett Packard Enterprise during the first quarter worth about $127,000. State of Alaska Department of Revenue boosted its holdings in Hewlett Packard Enterprise by 55.1% during the second quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock worth $136,000 after buying an additional 2,920 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Hewlett Packard Enterprise by 13.2% during the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after buying an additional 966 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its holdings in Hewlett Packard Enterprise by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.
In related news, CEO Margaret C. Whitman sold 249,023 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the completion of the sale, the chief executive officer now directly owns 1,016,622 shares of the company’s stock, valued at $13,897,222.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.67, for a total value of $270,934.11. Following the sale, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at $270,934.11. The disclosure for this sale can be found here. Insiders have sold 2,266,908 shares of company stock valued at $37,619,353 over the last ninety days. 0.87% of the stock is currently owned by company insiders.
Hewlett Packard Enterprise Company (NYSE HPE) opened at 14.26 on Friday. The company’s 50 day moving average price is $13.61 and its 200-day moving average price is $13.67. The firm has a market capitalization of $23.09 billion, a price-to-earnings ratio of 198.06 and a beta of 2.72. Hewlett Packard Enterprise Company has a 12-month low of $12.26 and a 12-month high of $14.86.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.
HPE has been the topic of a number of recent analyst reports. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, August 18th. Robert W. Baird restated a “hold” rating and set a $19.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, June 7th. Deutsche Bank AG cut their price objective on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. Finally, Barclays PLC reiterated a “sell” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.79.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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