Achmea Investment Management B.V. raised its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 27.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 323,455 shares of the technology company’s stock after acquiring an additional 68,809 shares during the period. Achmea Investment Management B.V.’s holdings in Hewlett Packard Enterprise were worth $4,272,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Bridge LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Ipswich Investment Management Co. Inc. bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $26,000. JNBA Financial Advisors lifted its stake in Hewlett Packard Enterprise by 1,300.0% during the 4th quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after acquiring an additional 2,600 shares during the period. Truehand Inc bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $51,000. Finally, Focused Wealth Management Inc bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 80.44% of the company’s stock.
Shares of NYSE:HPE opened at $15.66 on Friday. Hewlett Packard Enterprise Co has a twelve month low of $12.09 and a twelve month high of $19.01. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $20.98 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 21st. The technology company reported $0.42 EPS 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 company had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter last year, the business earned $0.34 EPS. As a group, analysts expect that Hewlett Packard Enterprise Co will post 1.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, March 12th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 384,445 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $16.50, for a total transaction of $6,343,342.50. Following the sale, the chief executive officer now owns 4,936 shares in the company, valued at approximately $81,444. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip Davis sold 13,974 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $16.50, for a total transaction of $230,571.00. Following the sale, the insider now owns 16,412 shares in the company, valued at approximately $270,798. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,702,360 shares of company stock worth $27,895,760. 0.56% of the stock is owned by company insiders.
Several brokerages have recently weighed in on HPE. Zacks Investment Research upgraded 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 note on Tuesday, February 26th. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, February 21st. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $17.00 to $13.00 in a research note on Tuesday. Finally, Maxim Group lowered their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, December 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.27.
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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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