Eqis Capital Management Inc. Has $686,000 Position in Hewlett Packard Enterprise Company (HPE)

Eqis Capital Management Inc. boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 29.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,368 shares of the technology company’s stock after buying an additional 9,362 shares during the period. Eqis Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HPE. BlackRock Inc. raised its stake in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after buying an additional 13,343,212 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter. Jana Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at $105,276,000. Finally, Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock valued at $2,591,553,000 after buying an additional 4,103,276 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) traded up 1.05% on Friday, hitting $17.30. 5,279,450 shares of the stock were exchanged. The company has a 50-day moving average price of $17.21 and a 200-day moving average price of $17.62. The firm has a market capitalization of $28.42 billion, a PE ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise Company has a one year low of $15.49 and a one year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. Hewlett Packard Enterprise’s revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts expect that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.

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A number of equities analysts have commented on the company. BidaskClub downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC decreased their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research report on Saturday, July 22nd. Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.87.

In other news, CEO Margaret C. Whitman sold 251,268 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $17.40, for a total value of $4,372,063.20. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $15,051,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The disclosure for this sale can be found here. Insiders sold a total of 1,612,328 shares of company stock valued at $28,048,424 in the last three months. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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