KCM Investment Advisors LLC increased its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 25.0% during the third quarter, Holdings Channel reports. The firm owned 12,868 shares of the company’s stock after buying an additional 2,573 shares during the period. KCM Investment Advisors LLC’s holdings in Hewlett Packard Enterprise Company were worth $293,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. OZ Management LP raised its position in Hewlett Packard Enterprise Company by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the company’s stock worth $190,913,000 after buying an additional 5,705,284 shares during the period. Empyrean Capital Partners LP bought a new position in Hewlett Packard Enterprise Company during the third quarter worth approximately $113,771,000. MD Sass Investors Services Inc. bought a new position in Hewlett Packard Enterprise Company during the second quarter worth approximately $55,797,000. Gotham Asset Management LLC raised its position in Hewlett Packard Enterprise Company by 127.8% in the third quarter. Gotham Asset Management LLC now owns 5,206,850 shares of the company’s stock worth $94,607,000 after buying an additional 2,921,618 shares during the period. Finally, Brenner West Capital Advisors LLC bought a new position in Hewlett Packard Enterprise Company during the second quarter worth approximately $51,412,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.25% during mid-day trading on Wednesday, reaching $23.63. The company’s stock had a trading volume of 6,084,922 shares. Hewlett Packard Enterprise Company has a 12 month low of $12.02 and a 12 month high of $24.79. The company has a market cap of $39.34 billion, a P/E ratio of 12.98 and a beta of 3.05. The company has a 50-day moving average of $23.08 and a 200-day moving average of $22.56.
Hewlett Packard Enterprise Company (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. Hewlett Packard Enterprise Company had a net margin of 6.31% and a return on equity of 10.43%. The business earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that Hewlett Packard Enterprise Company will post $2.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, March 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%. Hewlett Packard Enterprise Company’s dividend payout ratio is currently 14.21%.
A number of brokerages have weighed in on HPE. Susquehanna Bancshares Inc set a $20.00 target price on Hewlett Packard Enterprise Company and gave the company a “hold” rating in a report on Thursday, November 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 target price (up previously from $23.00) on shares of Hewlett Packard Enterprise Company in a report on Wednesday, November 23rd. Raymond James Financial, Inc. raised Hewlett Packard Enterprise Company from a “market perform” rating to an “outperform” rating and raised their target price for the company from $23.60 to $29.00 in a report on Friday, November 18th. Zacks Investment Research raised Hewlett Packard Enterprise Company from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, January 24th. Finally, Vetr raised Hewlett Packard Enterprise Company from a “buy” rating to a “strong-buy” rating and set a $26.49 target price on the stock in a report on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise Company currently has an average rating of “Hold” and an average price target of $23.58.
In other news, SVP Jeff T. Ricci sold 4,999 shares of the stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $23.46, for a total transaction of $117,276.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio F. Neri sold 151,222 shares of the stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $23.74, for a total transaction of $3,590,010.28. Following the sale, the executive vice president now owns 56,330 shares of the company’s stock, valued at $1,337,274.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,620 shares of company stock valued at $7,862,012. 0.57% of the stock is currently owned by company insiders.
About Hewlett Packard Enterprise Company
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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