AMP Capital Investors Ltd decreased its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,096,816 shares of the technology company’s stock after selling 34,924 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Hewlett Packard Enterprise worth $17,856,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $525,000. Dupont Capital Management Corp boosted its holdings in Hewlett Packard Enterprise by 44.0% during the 2nd quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock valued at $211,000 after acquiring an additional 4,419 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Hewlett Packard Enterprise by 73.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 177,009 shares of the technology company’s stock valued at $2,586,000 after acquiring an additional 75,083 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Hewlett Packard Enterprise by 12.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 151,206 shares of the technology company’s stock valued at $2,209,000 after acquiring an additional 16,557 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Hewlett Packard Enterprise by 13.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,457,787 shares of the technology company’s stock valued at $79,738,000 after acquiring an additional 655,260 shares during the period. 80.27% of the stock is owned by institutional investors and hedge funds.
HPE stock opened at $15.00 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.86 and a beta of 1.61. Hewlett Packard Enterprise Co has a 1 year low of $13.75 and a 1 year high of $19.48.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, August 30th. Raymond James lowered their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, August 29th. BMO Capital Markets lowered their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 29th. Maxim Group restated a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, Deutsche Bank raised their target price on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.43.
In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 102,284 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total value of $1,630,406.96. Following the sale, the insider now owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $7,939,382.94. Following the completion of the sale, the chief financial officer now directly owns 637,868 shares in the company, valued at approximately $10,569,472.76. The disclosure for this sale can be found here. Insiders sold a total of 664,319 shares of company stock worth $10,978,971 in the last ninety days. 1.18% of the stock is owned by corporate insiders.
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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