Quadrant Capital Group LLC lifted its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,218 shares of the technology company’s stock after purchasing an additional 2,213 shares during the quarter. Quadrant Capital Group LLC’s holdings in Hewlett Packard Enterprise were worth $444,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 2.2% during the fourth 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. Actinver Wealth Management Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $159,000. American Century Companies Inc. raised its holdings in Hewlett Packard Enterprise by 4.6% during the fourth quarter. American Century Companies Inc. now owns 751,796 shares of the technology company’s stock worth $9,931,000 after purchasing an additional 32,777 shares during the last quarter. Fulton Bank N.A. acquired a new position in Hewlett Packard Enterprise during the first quarter worth $172,000. Finally, Pacer Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 18,837.2% during the first quarter. Pacer Advisors Inc. now owns 120,062 shares of the technology company’s stock worth $1,852,000 after purchasing an additional 119,428 shares during the last quarter. 81.80% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the company. Longbow Research assumed coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They set a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, May 22nd. Nomura reduced their price objective on Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Evercore ISI assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 price objective for the company. Finally, Credit Suisse Group assumed coverage on Hewlett Packard Enterprise in a report on Thursday, April 11th. They set an “underperform” rating and a $14.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $16.50.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. Hewlett Packard Enterprise’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Analysts forecast that Hewlett Packard Enterprise Co will post 1.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 3.38%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 10,088 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the transaction, the insider now owns 15,423 shares of the company’s stock, valued at $230,728.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Irv Rothman sold 84,629 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $13.85, for a total value of $1,172,111.65. The disclosure for this sale can be found here. Insiders have sold 111,129 shares of company stock valued at $1,558,212 in the last three months. 0.56% of the stock is currently owned by company insiders.
Hewlett Packard Enterprise Company 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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