Principal Financial Group Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 2.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,578,980 shares of the technology company’s stock after purchasing an additional 32,718 shares during the quarter. Principal Financial Group Inc.’s holdings in Hewlett Packard Enterprise were worth $25,153,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HPE. New Hampshire Trust purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $28,000. U.S. Capital Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $38,000. First Manhattan Co. raised its stake in Hewlett Packard Enterprise by 89.4% in the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,139 shares during the last quarter. Twin Tree Management LP acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. Finally, AlphaMark Advisors LLC raised its stake in Hewlett Packard Enterprise by 1,019.8% in the 1st quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock valued at $45,000 after purchasing an additional 2,580 shares during the last quarter. 81.69% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HPE has been the subject of several analyst reports. Barclays cut their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research note on Wednesday, May 31st. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 29th. They set a “neutral” rating and a $18.00 price objective for the company. StockNews.com assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, August 17th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. Finally, Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.73.
Hewlett Packard Enterprise Stock Down 1.5 %
HPE opened at $16.79 on Wednesday. The firm has a 50 day moving average price of $17.13 and a 200 day moving average price of $15.84. The company has a market cap of $21.68 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $18.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.87.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.30 billion. Hewlett Packard Enterprise had a net margin of 3.46% and a return on equity of 5.05%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.36 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Wednesday, June 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 61.54%.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 21,131 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the completion of the transaction, the senior vice president now owns 615 shares in the company, valued at approximately $10,860.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Jeremy Cox sold 21,131 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total transaction of $373,173.46. Following the completion of the transaction, the senior vice president now directly owns 615 shares in the company, valued at approximately $10,860.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kirt P. Karros sold 33,417 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.00, for a total value of $534,672.00. Following the transaction, the senior vice president now owns 9,776 shares of the company’s stock, valued at $156,416. The disclosure for this sale can be found here. Insiders sold a total of 454,635 shares of company stock worth $7,327,919 in the last 90 days. 0.53% of the stock is owned by company insiders.
Hewlett Packard Enterprise 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.
Featured Stories
- Five stocks we like better than Hewlett Packard Enterprise
- How to Calculate Retirement Income: MarketBeat’s Calculator
- 5 Best Fintech Banks to Invest in Now
- How to Evaluate a Stock Before Buying
- 3 Smart AI ETFs For Intelligent Passive Investing Needs
- Pros And Cons Of Monthly Dividend Stocks
- 4 Reasons Zoom Video is Ready to Rock Into a Reversal
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE – Free Report).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.
