Schwartz Investment Counsel Inc. Purchase Holding in Hewlett Packard Enterprise Co (HPE)

Schwartz Investment Counsel Inc. Purchase Holding in Hewlett Packard Enterprise Co (HPE)

Schwartz Investment Counsel Inc. bought a new stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the first quarter, Holdings Channel reports. The fund bought 102,000 shares of the technology company’s stock, valued at approximately $2,417,000.

Other hedge funds have also added to or reduced their stakes in the company. Hosking Partners LLP boosted its stake in Hewlett Packard Enterprise by 14.4% in the third quarter. Hosking Partners LLP now owns 1,066,902 shares of the technology company’s stock valued at $24,272,000 after buying an additional 134,502 shares in the last quarter. Meyer Handelman Co. boosted its stake in Hewlett Packard Enterprise by 3.2% in the third quarter. Meyer Handelman Co. now owns 459,414 shares of the technology company’s stock valued at $10,451,000 after buying an additional 14,400 shares in the last quarter. AMG National Trust Bank boosted its stake in Hewlett Packard Enterprise by 9.1% in the third quarter. AMG National Trust Bank now owns 90,790 shares of the technology company’s stock valued at $2,065,000 after buying an additional 7,565 shares in the last quarter. CKW Financial Group boosted its stake in Hewlett Packard Enterprise by 5.6% in the third quarter. CKW Financial Group now owns 7,550 shares of the technology company’s stock valued at $172,000 after buying an additional 400 shares in the last quarter. Finally, Point View Wealth Management Inc. boosted its stake in Hewlett Packard Enterprise by 5.0% in the third quarter. Point View Wealth Management Inc. now owns 53,423 shares of the technology company’s stock valued at $1,215,000 after buying an additional 2,555 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

Shares of Hewlett Packard Enterprise Co (NYSE:HPE) traded down 0.21% during trading on Wednesday, hitting $18.81. The stock had a trading volume of 23,824,346 shares. Hewlett Packard Enterprise Co has a 52-week low of $12.74 and a 52-week high of $19.16. The firm’s 50-day moving average is $18.63 and its 200 day moving average is $21.90. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of 10.20 and a beta of 3.05. Hewlett Packard Enterprise also was the target of some unusual options trading on Wednesday. Investors bought 13,619 call options on the company. This is an increase of approximately 832% compared to the average daily volume of 1,461 call options.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, June 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.38%. Hewlett Packard Enterprise’s payout ratio is currently 14.21%.

Several analysts recently issued reports on HPE shares. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. OTR Global upgraded Hewlett Packard Enterprise to a “positive” rating in a research report on Wednesday, February 15th. Oppenheimer Holdings Inc. set a $27.00 target price on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Friday, February 17th. BMO Capital Markets reiterated a “market perform” rating and set a $24.00 target price (down previously from $27.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, February 23rd. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $23.00 target price (up previously from $22.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 24th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $22.83.

In other news, EVP John F. Schultz sold 39,608 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $18.23, for a total value of $722,053.84. Following the completion of the sale, the executive vice president now directly owns 61,078 shares in the company, valued at $1,113,451.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total value of $122,675.40. Following the completion of the sale, the senior vice president now owns 10,352 shares of the company’s stock, valued at $196,584.48. The disclosure for this sale can be found here. Insiders have sold 1,631,648 shares of company stock valued at $35,987,613 in the last three months. Insiders own 0.87% of the company’s stock.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).

Related posts

Leave a Comment