Stone Ridge Asset Management LLC bought a new stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 216,399 shares of the technology company’s stock, valued at approximately $3,107,000.
A number of other large investors also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 19.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock valued at $1,183,932,000 after buying an additional 13,150,243 shares during the period. Pzena Investment Management LLC lifted its stake in Hewlett Packard Enterprise by 18.6% in the fourth quarter. Pzena Investment Management LLC now owns 44,553,009 shares of the technology company’s stock valued at $639,781,000 after buying an additional 6,992,169 shares during the period. Bank of New York Mellon Corp lifted its stake in Hewlett Packard Enterprise by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 19,053,045 shares of the technology company’s stock valued at $280,271,000 after buying an additional 350,597 shares during the period. Schroder Investment Management Group lifted its stake in Hewlett Packard Enterprise by 28.9% in the fourth quarter. Schroder Investment Management Group now owns 16,075,656 shares of the technology company’s stock valued at $230,846,000 after buying an additional 3,600,481 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Hewlett Packard Enterprise by 8.2% in the fourth quarter. Victory Capital Management Inc. now owns 13,164,978 shares of the technology company’s stock valued at $189,050,000 after buying an additional 998,236 shares during the period. 82.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) opened at $19.16 on Monday. Hewlett Packard Enterprise Co has a 1 year low of $12.69 and a 1 year high of $19.48. The stock has a market capitalization of $30,023.72, a P/E ratio of 16.10, a P/E/G ratio of 1.61 and a beta of 1.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is presently 31.91%.
Hewlett Packard Enterprise declared that its board has authorized a share buyback plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
HPE has been the topic of several analyst reports. Royal Bank of Canada reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Wells Fargo & Co initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 target price on the stock. Pivotal Research reissued a “hold” rating and issued a $20.00 target price (up previously from $13.00) on shares of Hewlett Packard Enterprise in a research note on Friday, February 23rd. Gabelli reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research report on Friday, March 2nd. They set a “neutral” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.46.
In other Hewlett Packard Enterprise news, Director Margaret C. Whitman sold 674,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $19.14, for a total value of $12,900,360.00. Following the completion of the transaction, the director now directly owns 2,167,693 shares in the company, valued at $41,489,644.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kirt P. Karros sold 9,135 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total value of $130,904.55. Following the completion of the transaction, the senior vice president now owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. In the last three months, insiders sold 2,217,072 shares of company stock worth $37,963,432. 1.18% of the stock is owned by insiders.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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