Great West Life Assurance Co. Can boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,513,331 shares of the technology company’s stock after buying an additional 230,587 shares during the period. Great West Life Assurance Co. Can owned 0.27% of Hewlett Packard Enterprise worth $74,763,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock valued at $197,000 after buying an additional 1,095 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in Hewlett Packard Enterprise during the first quarter valued at about $410,000. BlackRock Inc. boosted its position in 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. Alpha Windward LLC boosted its position in Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock valued at $343,000 after buying an additional 2,188 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Hewlett Packard Enterprise during the first quarter valued at about $3,943,000. Institutional investors and hedge funds own 80.31% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up 1.05% during midday trading on Friday, reaching $17.30. The company had a trading volume of 5,279,450 shares. The stock’s 50 day moving average is $17.21 and its 200-day moving average is $17.62. Hewlett Packard Enterprise Company has a 12-month low of $15.49 and a 12-month high of $19.16. The stock has a market capitalization of $28.42 billion, a PE ratio of 13.12 and a beta of 2.74.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was down 22.1% on a year-over-year basis. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.
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Several equities analysts recently issued reports on HPE shares. CIBC decreased their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Maxim Group reiterated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Credit Suisse Group reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $21.87.
In related news, CEO Margaret C. Whitman sold 138,401 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $17.45, for a total transaction of $2,415,097.45. Following the completion of the sale, the chief executive officer now owns 896,720 shares of the company’s stock, valued at $15,647,764. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Margaret C. Whitman sold 251,268 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $17.40, for a total value of $4,372,063.20. Following the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The disclosure for this sale can be found here. Insiders sold 1,612,328 shares of company stock valued at $28,048,424 over the last three months. Company 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).
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