Gulf International Bank UK Ltd grew its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 526,812 shares of the technology company’s stock after acquiring an additional 12,557 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Hewlett Packard Enterprise were worth $8,592,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HPE. Morgan Stanley increased its stake in Hewlett Packard Enterprise by 429.8% during the second quarter. Morgan Stanley now owns 9,860,955 shares of the technology company’s stock worth $144,068,000 after acquiring an additional 7,999,613 shares during the last quarter. Boston Partners grew its stake in shares of Hewlett Packard Enterprise by 67.2% in the second quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock valued at $204,098,000 after buying an additional 5,615,283 shares in the last quarter. LSV Asset Management grew its stake in shares of Hewlett Packard Enterprise by 44.5% in the second quarter. LSV Asset Management now owns 15,752,632 shares of the technology company’s stock valued at $230,145,000 after buying an additional 4,848,200 shares in the last quarter. Hexavest Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $72,322,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $34,489,000. Institutional investors own 82.87% of the company’s stock.
Shares of HPE opened at $16.25 on Friday. The stock has a market capitalization of $23.37 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Hewlett Packard Enterprise Co has a one year low of $12.81 and a one year high of $19.48. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.
In related news, insider Keerti Melkote sold 87,113 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $15.96, for a total value of $1,390,323.48. Following the completion of the transaction, the insider now owns 102,283 shares of the company’s stock, valued at $1,632,436.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now directly owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The disclosure for this sale can be found here. Insiders sold 787,988 shares of company stock valued at $12,972,468 in the last three months. 1.18% of the stock is currently owned by company insiders.
HPE has been the subject of a number of recent research reports. UBS Group initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price for the company. Deutsche Bank increased their target price on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, August 30th. Oppenheimer set a $20.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, Raymond James lowered their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.65.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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