Great Lakes Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 904.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 337,280 shares of the technology company’s stock after acquiring an additional 303,704 shares during the quarter. Great Lakes Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $4,918,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Concord Wealth Partners acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $25,000. Zions Bancorporation N.A. increased its stake in shares of Hewlett Packard Enterprise by 95.8% in the first quarter. Zions Bancorporation N.A. now owns 1,723 shares of the technology company’s stock worth $27,000 after buying an additional 843 shares during the last quarter. Elmwood Wealth Management Inc. acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at $28,000. Hillsdale Investment Management Inc. bought a new position in Hewlett Packard Enterprise during the 2nd quarter valued at $29,000. Finally, Berman Capital Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 823.9% in the 1st quarter. Berman Capital Advisors LLC now owns 2,088 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,862 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
HPE has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, September 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Thursday, September 9th. Barclays upped their price target on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 2nd. Morgan Stanley reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 2nd. Finally, Raymond James increased their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Buy” and an average target price of $16.62.
Shares of HPE opened at $13.41 on Friday. Hewlett Packard Enterprise has a 52-week low of $8.28 and a 52-week high of $16.74. The firm has a market capitalization of $17.54 billion, a PE ratio of 17.42, a P/E/G ratio of 2.01 and a beta of 1.21. The firm has a 50-day moving average price of $14.52 and a 200 day moving average price of $15.19. The company has a quick ratio of 0.75, a current ratio of 0.95 and a debt-to-equity ratio of 0.73.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 1st. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Hewlett Packard Enterprise had a return on equity of 8.24% and a net margin of 3.73%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities analysts expect that Hewlett Packard Enterprise will post 0.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Monday, September 13th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 10th. This represents a $0.48 dividend on an annualized basis and a yield of 3.58%. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.56%.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Co engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions.
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