Park Avenue Securities LLC Purchases New Shares in Hewlett Packard Enterprise Company $HPE

Park Avenue Securities LLC bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 46,540 shares of the technology company’s stock, valued at approximately $952,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HPE. National Bank of Canada FI raised its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after purchasing an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock valued at $180,599,000 after buying an additional 8,607,523 shares in the last quarter. AQR Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock valued at $193,078,000 after buying an additional 3,922,516 shares in the last quarter. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hewlett Packard Enterprise by 15.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after purchasing an additional 2,373,850 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company’s stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. Insiders sold 573,738 shares of company stock worth $13,539,132 in the last three months. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several research analyst reports. Citigroup raised their price objective on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Susquehanna raised their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $22.00 to $28.00 in a report on Thursday, August 21st. Finally, Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.81.

Hewlett Packard Enterprise Stock Down 0.8%

HPE stock opened at $24.01 on Friday. The stock has a market capitalization of $31.68 billion, a P/E ratio of 29.28, a PEG ratio of 2.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $25.36. The company has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $18.97.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Hewlett Packard Enterprise Company 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.