Lake Point Wealth Management Invests $105,000 in Hewlett Packard Enterprise Co (HPE) Stock

Lake Point Wealth Management purchased a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,977 shares of the technology company’s stock, valued at approximately $105,000.

Several other large investors have also recently made changes to their positions in HPE. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 0.5% during the 4th quarter. BlackRock Inc. now owns 96,939,177 shares of the technology company’s stock worth $1,280,567,000 after purchasing an additional 525,859 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Hewlett Packard Enterprise by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 22,448,770 shares of the technology company’s stock worth $366,140,000 after purchasing an additional 234,213 shares during the last quarter. LSV Asset Management raised its position in shares of Hewlett Packard Enterprise by 1.3% during the 4th quarter. LSV Asset Management now owns 20,111,279 shares of the technology company’s stock worth $265,669,000 after purchasing an additional 250,297 shares during the last quarter. Northern Trust Corp raised its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Northern Trust Corp now owns 17,801,618 shares of the technology company’s stock worth $235,160,000 after purchasing an additional 78,441 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock worth $234,707,000 after purchasing an additional 384,154 shares during the last quarter. 82.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HPE traded up $0.09 during trading on Friday, hitting $16.66. 9,627,193 shares of the company traded hands, compared to its average volume of 8,706,495. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. Hewlett Packard Enterprise Co has a 1 year low of $12.09 and a 1 year high of $17.82. The stock has a market capitalization of $22.83 billion, a PE ratio of 10.68, a P/E/G ratio of 1.61 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same period in the prior year, the company earned $0.34 EPS. Equities research analysts expect that Hewlett Packard Enterprise Co will post 1.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a yield of 2.70%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.

HPE has been the subject of several research reports. Morgan Stanley restated an “equal weight” rating and set a $15.00 price objective (down from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 16th. ValuEngine downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Credit Suisse Group began coverage on Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price target for the company. Daiwa Capital Markets began coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price target for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $16.92.

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 14,126 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $15.00, for a total value of $211,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 82,892 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.50, for a total transaction of $1,367,718.00. Following the completion of the transaction, the chief executive officer now directly owns 86,160 shares of the company’s stock, valued at $1,421,640. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,293,636 shares of company stock valued at $37,657,727. 0.56% of the stock is owned by corporate insiders.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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