Hewlett Packard Enterprise Co (HPE) Shares Bought by DnB Asset Management AS

DnB Asset Management AS raised its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,858,318 shares of the technology company’s stock after purchasing an additional 523,685 shares during the period. DnB Asset Management AS owned approximately 0.30% of Hewlett Packard Enterprise worth $69,765,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Parametric Portfolio Associates LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company’s stock worth $82,420,000 after purchasing an additional 45,636 shares during the period. AXA grew its position in Hewlett Packard Enterprise by 235.0% in the third quarter. AXA now owns 4,169,981 shares of the technology company’s stock worth $61,340,000 after acquiring an additional 2,925,326 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise in the third quarter worth $59,407,000. Vident Investment Advisory LLC grew its position in Hewlett Packard Enterprise by 32.0% in the third quarter. Vident Investment Advisory LLC now owns 155,172 shares of the technology company’s stock worth $2,283,000 after acquiring an additional 37,609 shares in the last quarter. Finally, Magnetar Financial LLC boosted its position in Hewlett Packard Enterprise by 0.8% during the third quarter. Magnetar Financial LLC now owns 1,195,899 shares of the technology company’s stock valued at $17,592,000 after buying an additional 9,568 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

A number of analysts have recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. UBS Group cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.00 to $15.00 in a report on Friday, October 20th. Robert W. Baird restated a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.04.

In other news, CFO Timothy C. Stonesifer sold 56,170 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the transaction, the chief financial officer now owns 177,634 shares of the company’s stock, valued at approximately $2,449,572.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Henry Gomez sold 55,200 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.53, for a total transaction of $746,856.00. Following the transaction, the executive vice president now directly owns 45,004 shares of the company’s stock, valued at approximately $608,904.12. The disclosure for this sale can be found here. Insiders have sold a total of 743,330 shares of company stock worth $10,504,296 over the last 90 days. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Co (HPE) opened at $15.81 on Wednesday. The company has a market cap of $25,200.00 and a price-to-earnings ratio of 63.24. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $24.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. analysts predict that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current fiscal year.

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

Hewlett Packard Enterprise announced that its board has initiated a share buyback program on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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Hewlett Packard Enterprise 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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