Burke & Herbert Bank & Trust Co. Has $443,000 Stake in Hewlett Packard Enterprise Co (HPE)

Burke & Herbert Bank & Trust Co. lifted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,840 shares of the technology company’s stock after purchasing an additional 3,380 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Hewlett Packard Enterprise were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Dodge & Cox boosted its position in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after purchasing an additional 1,508,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 19.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock worth $1,183,932,000 after purchasing an additional 13,150,243 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Hewlett Packard Enterprise by 69.7% in the 3rd quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after purchasing an additional 15,431,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hewlett Packard Enterprise by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock worth $321,088,000 after purchasing an additional 779,447 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hewlett Packard Enterprise Co (HPE) remained flat at $$15.81 on Tuesday. 9,664,432 shares of the company’s stock were exchanged, compared to its average volume of 11,006,500. The firm has a market capitalization of $25,200.00 and a PE ratio of 63.24. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Co has a one year low of $12.81 and a one year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.90%. Hewlett Packard Enterprise’s payout ratio is currently 120.00%.

Hewlett Packard Enterprise announced that its board has approved a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently commented on HPE. Sanford C. Bernstein reissued a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Zacks Investment Research cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Monday, September 25th. Morgan Stanley reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.04.

In other news, EVP Henry Gomez sold 55,200 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total value of $746,856.00. Following the completion of the sale, the executive vice president now directly owns 45,004 shares in the company, valued at approximately $608,904.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeff T. Ricci sold 87,324 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the completion of the sale, the senior vice president now owns 24,846 shares of the company’s stock, valued at $333,681.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,330 shares of company stock valued at $10,504,296. Company insiders own 0.87% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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