Sanders Morris Harris LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,498 shares of the technology company’s stock, valued at approximately $278,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Quadrant L P CA purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $116,000. Morgan Stanley grew its holdings in shares of Hewlett Packard Enterprise by 19.9% during the 1st quarter. Morgan Stanley now owns 3,929,167 shares of the technology company’s stock worth $38,153,000 after purchasing an additional 652,853 shares during the period. FMR LLC grew its holdings in shares of Hewlett Packard Enterprise by 18.4% during the 2nd quarter. FMR LLC now owns 1,488,154 shares of the technology company’s stock worth $14,480,000 after purchasing an additional 231,338 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Hewlett Packard Enterprise by 11.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,419,056 shares of the technology company’s stock worth $13,779,000 after purchasing an additional 140,370 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Hewlett Packard Enterprise by 1.5% during the 2nd quarter. CIBC Asset Management Inc now owns 117,198 shares of the technology company’s stock worth $1,140,000 after purchasing an additional 1,687 shares during the period. Institutional investors own 80.89% of the company’s stock.
A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday. 140166 reiterated a “hold” rating and set a $10.00 target price on shares of Hewlett Packard Enterprise in a report on Monday, July 13th. ValuEngine cut Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 1st. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Thursday, August 27th. Finally, Standpoint Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $12.24.
Shares of NYSE HPE traded down $0.40 during mid-day trading on Friday, reaching $9.48. 15,991,989 shares of the company traded hands, compared to its average volume of 11,148,446. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.83 and a current ratio of 0.99. The stock has a market cap of $12.19 billion, a PE ratio of -474.00, a price-to-earnings-growth ratio of 1.50 and a beta of 1.22. The company’s fifty day moving average is $9.51 and its two-hundred day moving average is $9.69. Hewlett Packard Enterprise has a fifty-two week low of $7.43 and a fifty-two week high of $17.59.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.06 billion. The business’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Research analysts forecast that Hewlett Packard Enterprise will post 1.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Tuesday, September 8th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.12%.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud. The company offers industry standard servers for multi-workload computing; mission-critical servers; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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