National Pension Service Has $29,080,000 Position in Hewlett Packard Enterprise Co. (HPE)
National Pension Service raised its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 8.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,278,247 shares of the company’s stock after buying an additional 101,959 shares during the period. National Pension Service’s holdings in Hewlett Packard Enterprise were worth $29,080,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in HPE. UBS Asset Management Americas Inc. boosted its stake in Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock valued at $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP raised its position in shares of Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock valued at $85,584,000 after buying an additional 3,458,745 shares during the last quarter. MD Sass Investors Services Inc. purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $55,797,000. Emerald Acquisition Ltd. purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $54,050,000. Finally, Brenner West Capital Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $51,412,000. 78.37% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 1.46% during midday trading on Tuesday, reaching $23.68. The company had a trading volume of 2,490,981 shares. The company has a market capitalization of $39.44 billion and a price-to-earnings ratio of 9.88. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.85. The firm has a 50-day moving average price of $22.48 and a 200-day moving average price of $20.79.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The company earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. During the same quarter last year, the business earned $0.52 EPS. The business’s revenue was down 7.2% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise Co. will post $2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.
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Several brokerages have issued reports on HPE. Susquehanna set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Thursday, November 24th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $24.00 price target (up previously from $23.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, November 23rd. Raymond James Financial Inc. upgraded Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $23.60 to $29.00 in a report on Friday, November 18th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.80.
In other news, EVP John F. Schultz sold 12,555 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the completion of the sale, the executive vice president now owns 79,447 shares in the company, valued at approximately $1,863,826.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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