Hewlett Packard Enterprise Company $HPE Stock Holdings Lessened by AlphaQuest LLC

AlphaQuest LLC lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 67.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,653 shares of the technology company’s stock after selling 5,464 shares during the period. AlphaQuest LLC’s holdings in Hewlett Packard Enterprise were worth $41,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HPE. National Bank of Canada FI increased its holdings in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after buying an additional 15,171,314 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 1,382.5% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock valued at $70,447,000 after buying an additional 3,077,046 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Hewlett Packard Enterprise by 32.9% in the first quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company’s stock valued at $87,604,000 after buying an additional 1,406,813 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $27,528,000. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HPE. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $24.87.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 68,590 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $23.01, for a total transaction of $1,917,515.34. Following the completion of the sale, the chief executive officer owned 1,835,726 shares of the company’s stock, valued at $42,240,055.26. This represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 378,590 shares of company stock worth $8,106,833. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.6%

NYSE HPE opened at $23.18 on Friday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $30.41 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.04 and a beta of 1.43. The firm’s fifty day simple moving average is $21.16 and its 200-day simple moving average is $18.39.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 8.99%. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio is 52.53%.

Hewlett Packard Enterprise Company Profile

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.