Rhumbline Advisers Raises Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Rhumbline Advisers raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 11.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,374,030 shares of the technology company’s stock after purchasing an additional 235,643 shares during the period. Rhumbline Advisers owned approximately 0.18% of Hewlett Packard Enterprise worth $31,480,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HPE. Hoey Investments Inc. boosted its stake in Hewlett Packard Enterprise by 1,000.0% during the 2nd quarter. Hoey Investments Inc. now owns 2,200 shares of the technology company’s stock valued at $29,000 after purchasing an additional 2,000 shares during the last quarter. CX Institutional purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $30,000. LS Investment Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $32,000. Urban Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $35,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $39,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 1.1 %

Shares of HPE stock opened at $15.80 on Thursday. Hewlett Packard Enterprise has a 12-month low of $11.90 and a 12-month high of $17.76. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $13.51 and its 200-day moving average price is $13.97. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.96 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last issued its earnings results on Tuesday, August 30th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.97 billion. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities research analysts predict that Hewlett Packard Enterprise will post 1.27 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Monday, September 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $0.48 annualized dividend and a dividend yield of 3.04%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.14%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, August 31st. KGI Securities cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Morgan Stanley decreased their target price on Hewlett Packard Enterprise from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, October 11th. Barclays decreased their target price on Hewlett Packard Enterprise from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. Finally, StockNews.com initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.15.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 70,115 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $13.33, for a total transaction of $934,632.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 70,115 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $13.33, for a total transaction of $934,632.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 2,452 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $13.60, for a total value of $33,347.20. Following the transaction, the executive vice president now owns 9,360 shares of the company’s stock, valued at approximately $127,296. The disclosure for this sale can be found here. Insiders sold 152,988 shares of company stock worth $2,116,392 over the last 90 days. Company insiders own 0.45% of the company’s stock.

Hewlett Packard Enterprise Company Profile

(Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

Recommended Stories

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPEGet Rating).

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.