Jefferies Group LLC boosted its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 91.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,086 shares of the technology company’s stock after purchasing an additional 189,344 shares during the period. Jefferies Group LLC’s holdings in Hewlett Packard Enterprise were worth $6,460,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its position in Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after buying an additional 8,431 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $137,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Harfst & Associates Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Hewlett Packard Enterprise by 94.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock worth $171,000 after purchasing an additional 5,087 shares during the last quarter. 78.92% of the stock is owned by hedge funds and other institutional investors.
HPE stock opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.84 and a current ratio of 1.00. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.58. Hewlett Packard Enterprise Co has a 1-year low of $14.22 and a 1-year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $7.95 billion for the quarter, compared to analyst estimates of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Analysts predict that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 annualized dividend and a yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
Several research analysts have recently issued reports on HPE shares. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Tuesday, August 28th. UBS Group started coverage on Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 price target on the stock. Raymond James reduced their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 29th. Finally, ValuEngine lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $18.36.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 479,142 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the transaction, the chief financial officer now directly owns 637,868 shares in the company, valued at $10,569,472.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $17.00, for a total value of $1,409,181.00. Following the transaction, the insider now owns 87,828 shares in the company, valued at $1,493,076. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 664,319 shares of company stock worth $10,978,971. Corporate insiders own 1.18% of the company’s stock.
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Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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