National Pension Service Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

National Pension Service increased its position in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,791,818 shares of the technology company’s stock after buying an additional 42,236 shares during the period. National Pension Service’s holdings in Hewlett Packard Enterprise were worth $33,837,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Cambridge Trust Co. lifted its position in shares of Hewlett Packard Enterprise by 3.3% in the second quarter. Cambridge Trust Co. now owns 20,727 shares of the technology company’s stock worth $275,000 after buying an additional 668 shares in the last quarter. Strategic Wealth Advisors Group LLC raised its position in Hewlett Packard Enterprise by 3.6% during the third quarter. Strategic Wealth Advisors Group LLC now owns 22,249 shares of the technology company’s stock valued at $267,000 after purchasing an additional 777 shares during the period. Crossmark Global Holdings Inc. raised its position in Hewlett Packard Enterprise by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 223,300 shares of the technology company’s stock valued at $2,675,000 after purchasing an additional 780 shares during the period. TRUE Private Wealth Advisors raised its position in Hewlett Packard Enterprise by 5.0% during the third quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock valued at $199,000 after purchasing an additional 794 shares during the period. Finally, International Assets Investment Management LLC raised its position in Hewlett Packard Enterprise by 2.8% during the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock valued at $499,000 after purchasing an additional 808 shares during the period. 81.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 47,307 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $17.01, for a total value of $804,692.07. The disclosure for this sale can be found here. Insiders sold a total of 799,621 shares of company stock worth $12,178,761 over the last 90 days. Company insiders own 0.53% of the company’s stock.

Hewlett Packard Enterprise Stock Up 3.7 %

Hewlett Packard Enterprise stock opened at $14.31 on Friday. The business has a fifty day moving average of $15.89 and a two-hundred day moving average of $14.88. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $18.54 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.14 and a beta of 1.23. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.66.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $7.81 billion during the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. Hewlett Packard Enterprise’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts forecast that Hewlett Packard Enterprise will post 1.3 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 17th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.35%. Hewlett Packard Enterprise’s dividend payout ratio is currently 73.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Susquehanna upped their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, March 3rd. Loop Capital upped their target price on Hewlett Packard Enterprise from $14.00 to $17.00 in a research note on Monday, December 5th. StockNews.com began coverage on Hewlett Packard Enterprise in a research note on Thursday. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Hewlett Packard Enterprise from $15.00 to $16.00 in a research note on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.92.

About Hewlett Packard Enterprise

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.