Qsemble Capital Management LP Boosts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Qsemble Capital Management LP raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,925 shares of the technology company’s stock after acquiring an additional 3,379 shares during the period. Qsemble Capital Management LP’s holdings in Hewlett Packard Enterprise were worth $824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares in the last quarter. Sei Investments Co. raised its stake in shares of Hewlett Packard Enterprise by 56.1% during the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after buying an additional 196,112 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after buying an additional 99,394 shares in the last quarter. Finally, Guidance Capital Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $931,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $16.87 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock’s fifty day simple moving average is $19.05 and its 200-day simple moving average is $18.51. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HPE shares. Evercore ISI increased their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Susquehanna restated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Finally, Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.83.

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.