Eagle Asset Management Inc. Has $127.57 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Eagle Asset Management Inc. raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3,537.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,788,154 shares of the technology company’s stock after acquiring an additional 5,629,006 shares during the quarter. Eagle Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $127,571,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of HPE. Bessemer Group Inc. boosted its stake in Hewlett Packard Enterprise by 11.3% in the first quarter. Bessemer Group Inc. now owns 40,786 shares of the technology company’s stock valued at $722,000 after acquiring an additional 4,154 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Hewlett Packard Enterprise by 46.8% during the first quarter. Toronto Dominion Bank now owns 842,739 shares of the technology company’s stock worth $14,942,000 after purchasing an additional 268,820 shares during the period. Quadrature Capital Ltd acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $5,245,000. 1832 Asset Management L.P. boosted its holdings in Hewlett Packard Enterprise by 10.6% during the first quarter. 1832 Asset Management L.P. now owns 146,380 shares of the technology company’s stock worth $2,595,000 after buying an additional 14,021 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Hewlett Packard Enterprise by 23.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,738,604 shares of the technology company’s stock worth $66,285,000 after buying an additional 712,480 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 55,908 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several analyst reports. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna reiterated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup increased their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.21.

Hewlett Packard Enterprise Stock Up 2.9 %

Hewlett Packard Enterprise stock opened at $21.80 on Friday. The company has a market capitalization of $28.30 billion, a PE ratio of 15.57, a PEG ratio of 3.36 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm’s fifty day moving average is $20.25 and its 200 day moving average is $19.56. 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 (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $7.67 billion. During the same quarter last year, the firm posted $0.35 EPS. Hewlett Packard Enterprise’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

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.