QRG Capital Management Inc. Acquires 51,531 Shares of Hewlett Packard Enterprise (NYSE:HPE)

QRG Capital Management Inc. increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 30.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,376 shares of the technology company’s stock after acquiring an additional 51,531 shares during the quarter. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $3,890,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HPE. EP Wealth Advisors LLC increased its position in Hewlett Packard Enterprise by 7.2% during the third quarter. EP Wealth Advisors LLC now owns 21,390 shares of the technology company’s stock worth $372,000 after acquiring an additional 1,429 shares during the period. American Century Companies Inc. increased its holdings in Hewlett Packard Enterprise by 5.1% in the 3rd quarter. American Century Companies Inc. now owns 918,519 shares of the technology company’s stock valued at $15,955,000 after buying an additional 44,530 shares during the period. Wellington Management Group LLP increased its holdings in Hewlett Packard Enterprise by 51.9% in the 3rd quarter. Wellington Management Group LLP now owns 87,085 shares of the technology company’s stock valued at $1,513,000 after buying an additional 29,737 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 9.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company’s stock valued at $866,000 after buying an additional 4,333 shares during the period. Finally, Anchor Investment Management LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $174,000. 80.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 158,464 shares of company stock valued at $3,160,866 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 1.3 %

NYSE HPE traded down $0.27 during trading hours on Wednesday, hitting $21.16. The company’s stock had a trading volume of 2,280,469 shares, compared to its average volume of 15,891,548. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a market capitalization of $27.50 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $17.68.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Analyst Ratings Changes

Several research firms have commented on HPE. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $21.08.

Hewlett Packard Enterprise Profile

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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.