Korea Investment CORP lifted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 50.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,184 shares of the technology company’s stock after purchasing an additional 343,816 shares during the period. Korea Investment CORP owned 0.07% of Hewlett Packard Enterprise worth $16,704,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $137,000. Ferguson Wellman Capital Management Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Hewlett Packard Enterprise by 94.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock worth $171,000 after buying an additional 5,087 shares in the last quarter. Hedge funds and other institutional investors own 80.27% of the company’s stock.
Shares of Hewlett Packard Enterprise stock opened at $15.12 on Friday. The stock has a market cap of $22.75 billion, a PE ratio of 15.75, a PEG ratio of 0.88 and a beta of 1.61. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise Co has a twelve month low of $13.75 and a twelve month high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Analysts anticipate that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.98%. Hewlett Packard Enterprise’s payout ratio is 46.88%.
In related news, insider Keerti Melkote sold 102,284 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the transaction, the insider now owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the completion of the transaction, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 664,319 shares of company stock valued at $10,978,971. Company insiders own 1.18% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, August 30th. Raymond James cut their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, August 29th. BMO Capital Markets cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 29th. Maxim Group reiterated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Finally, Deutsche Bank increased their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.43.
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Hewlett Packard Enterprise Company Profile
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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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