Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 738,874 shares of the technology company’s stock after purchasing an additional 68,717 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of Hewlett Packard Enterprise worth $8,850,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Hewlett Packard Enterprise by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock worth $2,549,380,000 after purchasing an additional 1,824,331 shares during the period. State Street Corp boosted its stake in Hewlett Packard Enterprise by 0.8% during the 2nd quarter. State Street Corp now owns 70,870,777 shares of the technology company’s stock worth $947,925,000 after purchasing an additional 542,083 shares during the period. Bank of America Corp DE boosted its stake in Hewlett Packard Enterprise by 2.8% during the 1st quarter. Bank of America Corp DE now owns 38,970,595 shares of the technology company’s stock worth $651,199,000 after purchasing an additional 1,070,913 shares during the period. Amundi boosted its stake in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Amundi now owns 28,118,343 shares of the technology company’s stock worth $367,605,000 after purchasing an additional 1,024,592 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Hewlett Packard Enterprise by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 15,390,661 shares of the technology company’s stock worth $204,081,000 after acquiring an additional 305,722 shares during the period. Institutional investors and hedge funds own 81.36% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 10,065 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total transaction of $161,040.00. Following the transaction, the senior vice president now owns 28,991 shares of the company’s stock, valued at approximately $463,856. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Jeremy Cox sold 10,065 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $16.00, for a total value of $161,040.00. Following the sale, the senior vice president now directly owns 28,991 shares of the company’s stock, valued at $463,856. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tarek Robbiati sold 102,138 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $16.00, for a total transaction of $1,634,208.00. Following the completion of the sale, the chief financial officer now owns 31,183 shares of the company’s stock, valued at $498,928. The disclosure for this sale can be found here. Insiders sold a total of 338,197 shares of company stock valued at $5,355,072 over the last 90 days. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 30th. Barclays cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a research note on Tuesday, January 10th. StockNews.com initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $17.00 in a report on Monday, December 5th. Finally, Citigroup increased their price target on shares of Hewlett Packard Enterprise from $11.50 to $13.00 in a report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.00.

Hewlett Packard Enterprise Trading Up 0.8 %

Shares of Hewlett Packard Enterprise stock opened at $16.45 on Friday. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.88 and a quick ratio of 0.66. The business has a 50 day moving average price of $15.90 and a 200 day moving average price of $14.32. The company has a market capitalization of $21.09 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.59 and a beta of 1.22.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.62). The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.42 billion. Hewlett Packard Enterprise had a return on equity of 4.26% and a net margin of 3.05%. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.45 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 14th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 72.73%.

Hewlett Packard Enterprise Profile

(Get Rating)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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

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