Caprock Group LLC Buys 16,289 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Caprock Group LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 99,722 shares of the technology company’s stock after acquiring an additional 16,289 shares during the period. Caprock Group LLC’s holdings in Hewlett Packard Enterprise were worth $2,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HPE. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $861,000. CHICAGO TRUST Co NA boosted its holdings in shares of Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after acquiring an additional 36,704 shares in the last quarter. National Pension Service grew its position in Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after acquiring an additional 472,885 shares during the last quarter. Cetera Investment Advisers increased its holdings in Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Hewlett Packard Enterprise by 1,846.5% in the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after purchasing an additional 463,965 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the topic of several research reports. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a report on Monday. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.21.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.52 on Wednesday. The firm has a 50 day moving average of $20.06 and a 200-day moving average of $19.53. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.14%.

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.