Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 893,343 shares of the technology company’s stock after selling 9,838 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Hewlett Packard Enterprise worth $15,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV raised its position in shares of Hewlett Packard Enterprise by 24.1% during the 4th quarter. KBC Group NV now owns 598,034 shares of the technology company’s stock worth $10,155,000 after purchasing an additional 116,017 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Hewlett Packard Enterprise by 21.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 72,845 shares of the technology company’s stock worth $1,237,000 after acquiring an additional 12,618 shares during the last quarter. APG Asset Management US Inc. acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $4,372,000. Bank of Nova Scotia lifted its position in shares of Hewlett Packard Enterprise by 11.7% in the fourth quarter. Bank of Nova Scotia now owns 2,572,474 shares of the technology company’s stock valued at $43,679,000 after acquiring an additional 270,409 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 61,429.6% during the fourth quarter. TFO Wealth Partners LLC now owns 49,839 shares of the technology company’s stock valued at $846,000 after acquiring an additional 49,758 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HPE. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.69.

Read Our Latest Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Up 2.2 %

HPE opened at $20.03 on Monday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $20.43. The firm has a 50 day moving average price of $17.67 and a 200 day moving average price of $16.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.90. The company has a market cap of $26.03 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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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