Hewlett Packard Enterprise (NYSE:HPE) Holdings Boosted by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 16.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,643 shares of the technology company’s stock after purchasing an additional 46,737 shares during the quarter. ProShare Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Empower Advisory Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $199,000. Verity Asset Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $180,000. American Trust acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $198,000. Chevy Chase Trust Holdings LLC increased its stake in shares of Hewlett Packard Enterprise by 0.6% in the first quarter. Chevy Chase Trust Holdings LLC now owns 746,891 shares of the technology company’s stock valued at $11,898,000 after purchasing an additional 4,532 shares during the period. Finally, Pacific Center for Financial Services acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. Credit Suisse Group lowered their price objective on shares of Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 30th. Finally, Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Hewlett Packard Enterprise Trading Down 0.8 %

Hewlett Packard Enterprise stock opened at $17.07 on Monday. The company has a 50 day moving average price of $17.27 and a 200 day moving average price of $15.98. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $18.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.88. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.96 and a beta of 1.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Hewlett Packard Enterprise had a net margin of 3.64% and a return on equity of 5.32%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up .7% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.43 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, September 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 58.54%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total transaction of $373,173.46. Following the completion of the sale, the senior vice president now owns 615 shares of the company’s stock, valued at approximately $10,860.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Antonio F. Neri sold 434,884 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total transaction of $7,601,772.32. Following the transaction, the chief executive officer now owns 1,370,291 shares in the company, valued at approximately $23,952,686.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 21,131 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total transaction of $373,173.46. Following the transaction, the senior vice president now owns 615 shares in the company, valued at approximately $10,860.90. The disclosure for this sale can be found here. Insiders sold 799,031 shares of company stock valued at $13,970,865 in the last quarter. Company insiders own 0.53% of the company’s stock.

About Hewlett Packard Enterprise

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.