Stevens Capital Management LP Boosts Stake in Hewlett Packard Enterprise Co (NYSE:HPE)

Stevens Capital Management LP boosted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 350.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,969 shares of the technology company’s stock after buying an additional 69,210 shares during the period. Stevens Capital Management LP’s holdings in Hewlett Packard Enterprise were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HPE. BlackRock Inc. grew its position in shares of Hewlett Packard Enterprise by 7.7% during the 2nd quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after acquiring an additional 7,054,145 shares during the period. Ferguson Wellman Capital Management Inc. grew its position in shares of Hewlett Packard Enterprise by 48.3% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 14,988 shares of the technology company’s stock valued at $227,000 after purchasing an additional 4,880 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Hewlett Packard Enterprise by 6.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 92,355 shares of the technology company’s stock valued at $1,401,000 after purchasing an additional 5,456 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Hewlett Packard Enterprise by 16.1% in the third quarter. Assenagon Asset Management S.A. now owns 381,943 shares of the technology company’s stock valued at $5,794,000 after purchasing an additional 53,053 shares during the last quarter. Finally, Advisor Partners LLC grew its position in shares of Hewlett Packard Enterprise by 3.9% in the third quarter. Advisor Partners LLC now owns 31,462 shares of the technology company’s stock valued at $477,000 after purchasing an additional 1,178 shares during the last quarter. Institutional investors own 82.76% of the company’s stock.

HPE traded down $0.32 on Friday, reaching $14.38. 3,870,439 shares of the company traded hands, compared to its average volume of 8,721,190. The stock’s 50 day moving average price is $15.15 and its 200-day moving average price is $15.11. Hewlett Packard Enterprise Co has a 52-week low of $12.52 and a 52-week high of $17.59. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.19 and a beta of 1.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.67.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, November 25th. The technology company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.41 billion. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, March 10th. Hewlett Packard Enterprise’s payout ratio is 27.12%.

In other news, SVP Jeff T. Ricci sold 9,255 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.90, for a total value of $147,154.50. Following the sale, the senior vice president now owns 35,043 shares of the company’s stock, valued at approximately $557,183.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Davis sold 16,884 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $246,675.24. Following the completion of the sale, the insider now directly owns 26,313 shares in the company, valued at approximately $384,432.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,164 shares of company stock worth $1,779,022. 0.56% of the stock is owned by insiders.

Several brokerages recently issued reports on HPE. Credit Suisse Group reissued a “sell” rating and set a $13.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, November 28th. Bank of America upgraded shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Monday, October 21st. Deutsche Bank started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, December 12th. They issued a “buy” rating and a $19.00 price target on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, TheStreet downgraded shares of Hewlett Packard Enterprise from a “b-” rating to a “c” rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.75.

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

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