Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,984 shares of the technology company’s stock after buying an additional 12,359 shares during the period. Ballentine Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CHICAGO TRUST Co NA grew its holdings in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the last quarter. Nordea Investment Management AB lifted its stake in Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after buying an additional 517,734 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after acquiring an additional 475,397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Hewlett Packard Enterprise by 5.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after acquiring an additional 196,112 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after acquiring an additional 99,394 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target on the stock. Citigroup assumed coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Loop Capital upped their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.46.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $19.46 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The firm’s fifty day simple moving average is $19.26 and its 200-day simple moving average is $19.05. The stock has a market cap of $25.27 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last 90 days. 0.40% of the stock is currently owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.