CIBC Asset Management Inc Has $2.16 Million Position in Hewlett Packard Enterprise Co (HPE)

CIBC Asset Management Inc lowered its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 150,325 shares of the technology company’s stock after selling 4,390 shares during the period. CIBC Asset Management Inc’s holdings in Hewlett Packard Enterprise were worth $2,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HPE. Pzena Investment Management LLC boosted its holdings in Hewlett Packard Enterprise by 69.7% in the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after purchasing an additional 15,431,606 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 19.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock valued at $1,183,932,000 after purchasing an additional 13,150,243 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Hewlett Packard Enterprise by 71.0% in the third quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock valued at $181,763,000 after purchasing an additional 5,177,979 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $59,407,000. Finally, Janus Henderson Group PLC boosted its holdings in Hewlett Packard Enterprise by 1,931.5% in the second quarter. Janus Henderson Group PLC now owns 4,196,917 shares of the technology company’s stock valued at $69,628,000 after purchasing an additional 3,990,327 shares during the last quarter. 83.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Co (HPE) opened at $15.30 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $24,390.00 and a P/E ratio of 61.20. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping 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 return on equity of 7.70% and a net margin of 0.93%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. sell-side analysts expect that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is 120.00%.

Hewlett Packard Enterprise announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

A number of research analysts recently commented on the company. Mizuho reissued a “hold” rating and issued a $14.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Pivotal Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, October 17th. They issued a “hold” rating and a $14.00 price target for the company. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Finally, Oppenheimer reissued a “buy” rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.16.

In other news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.00, for a total transaction of $592,396.00. Following the sale, the executive vice president now directly owns 84,629 shares in the company, valued at approximately $1,184,806. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Henry Gomez sold 805,214 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the sale, the executive vice president now owns 363,278 shares in the company, valued at $6,023,149.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,407,123 shares of company stock worth $22,389,810 over the last quarter. 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).

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

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