Hewlett Packard Enterprise Company (HPE) Stake Increased by Advisor Group Inc.

Advisor Group Inc. lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 16.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,694 shares of the technology company’s stock after buying an additional 3,285 shares during the period. Advisor Group Inc.’s holdings in Hewlett Packard Enterprise were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $2,193,000. Parallel Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 11.6% during the 1st quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock worth $197,000 after buying an additional 1,095 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Hewlett Packard Enterprise by 11.5% during the 2nd quarter. Synovus Financial Corp now owns 254,871 shares of the technology company’s stock worth $4,226,000 after buying an additional 26,288 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2,713.7% during the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Finally, Motco increased its holdings in shares of Hewlett Packard Enterprise by 929.3% during the 2nd quarter. Motco now owns 10,633 shares of the technology company’s stock worth $176,000 after buying an additional 9,600 shares during the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at 14.96 on Wednesday. The stock has a market capitalization of $24.23 billion, a PE ratio of 207.78 and a beta of 2.71. Hewlett Packard Enterprise Company has a 52-week low of $12.26 and a 52-week high of $15.12. The stock’s 50 day moving average is $14.07 and its 200 day moving average is $13.83.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 371.48%.

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A number of analysts have recently issued reports on HPE shares. Deutsche Bank AG cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.51.

In other news, CEO Margaret C. Whitman sold 1,494,094 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the sale, the chief executive officer now owns 1,514,639 shares of the company’s stock, valued at $21,613,898.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.67, for a total transaction of $270,934.11. Following the completion of the sale, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at approximately $270,934.11. The disclosure for this sale can be found here. Insiders sold 4,060,518 shares of company stock valued at $63,031,467 in the last three months. Company insiders own 0.87% of the company’s stock.

About Hewlett Packard Enterprise

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).

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

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