Todd Asset Management LLC purchased a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) in the 1st quarter, HoldingsChannel reports. The firm purchased 1,009,474 shares of the technology company’s stock, valued at approximately $15,576,000.
Other large investors also recently made changes to their positions in the company. Legacy Bridge LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $25,000. Liberty Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $34,000. JNBA Financial Advisors increased its holdings in shares of Hewlett Packard Enterprise by 1,300.0% during the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after buying an additional 2,600 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $38,000. Finally, Private Ocean LLC increased its holdings in shares of Hewlett Packard Enterprise by 34.9% during the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after buying an additional 668 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
Shares of HPE stock traded down $0.34 on Wednesday, reaching $14.91. 112,034 shares of the company were exchanged, compared to its average volume of 10,585,007. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $17.68. The stock has a market capitalization of $20.56 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.02%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
In related news, EVP John F. Schultz sold 780,830 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.32, for a total value of $12,743,145.60. Following the sale, the executive vice president now owns 400,401 shares in the company, valued at approximately $6,534,544.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Antonio F. Neri sold 591,276 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the completion of the sale, the insider now owns 59,110 shares in the company, valued at approximately $975,906.10. The disclosure for this sale can be found here. Insiders sold a total of 2,251,562 shares of company stock worth $37,016,136 in the last 90 days. 0.56% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on HPE shares. BMO Capital Markets reiterated a “hold” rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Credit Suisse Group began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, April 11th. They set an “underperform” rating and a $14.00 price objective on the stock. ValuEngine raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, February 26th. Finally, Daiwa Capital Markets began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They set a “hold” rating and a $16.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.85.
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About Hewlett Packard Enterprise
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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