Epoch Investment Partners Inc. Buys 712,480 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Epoch Investment Partners Inc. raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 23.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,738,604 shares of the technology company’s stock after purchasing an additional 712,480 shares during the period. Epoch Investment Partners Inc. owned 0.29% of Hewlett Packard Enterprise worth $66,285,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC raised its position in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $35,000. American National Bank raised its position in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares in the last quarter. Founders Financial Alliance LLC raised its position in shares of Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Up 1.6 %

HPE stock traded up $0.31 during mid-day trading on Friday, reaching $19.76. 7,954,784 shares of the company traded hands, compared to its average volume of 10,662,543. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 2.85 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The firm’s 50 day moving average price is $20.19 and its 200 day moving average price is $17.86.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were paid a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPE. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Susquehanna raised their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $21.08.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the sale, the executive vice president now directly owns 111,054 shares in the company, valued at approximately $2,277,717.54. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock worth $2,850,108 in the last 90 days. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.