Radnor Capital Management LLC Has $2.86 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Radnor Capital Management LLC lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 170,241 shares of the technology company’s stock after selling 2,183 shares during the quarter. Hewlett Packard Enterprise makes up approximately 1.2% of Radnor Capital Management LLC’s portfolio, making the stock its 12th largest holding. Radnor Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPE. Arrowstreet Capital Limited Partnership raised its position in Hewlett Packard Enterprise by 60.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 21,641,979 shares of the technology company’s stock valued at $345,406,000 after acquiring an additional 8,116,822 shares in the last quarter. Bank of America Corp DE raised its position in shares of Hewlett Packard Enterprise by 12.5% in the first quarter. Bank of America Corp DE now owns 59,288,867 shares of the technology company’s stock valued at $944,472,000 after purchasing an additional 6,572,347 shares during the period. Two Sigma Investments LP raised its position in shares of Hewlett Packard Enterprise by 184.9% in the first quarter. Two Sigma Investments LP now owns 8,114,000 shares of the technology company’s stock valued at $129,256,000 after purchasing an additional 5,265,487 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $66,663,000. Finally, Two Sigma Advisers LP raised its position in shares of Hewlett Packard Enterprise by 302.9% in the first quarter. Two Sigma Advisers LP now owns 4,865,700 shares of the technology company’s stock valued at $77,511,000 after purchasing an additional 3,658,100 shares during the period. Institutional investors own 81.15% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, August 30th. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, August 30th. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 30th. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research report on Wednesday, May 31st. Finally, Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 29th. They set a “neutral” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.33.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.02 during trading on Friday, reaching $17.19. 2,180,544 shares of the company’s stock were exchanged, compared to its average volume of 12,618,331. Hewlett Packard Enterprise has a fifty-two week low of $11.90 and a fifty-two week high of $18.14. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $17.27 and a 200 day moving average price of $15.96. The company has a market capitalization of $22.05 billion, a P/E ratio of 20.99, a PEG ratio of 2.96 and a beta of 1.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share 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 for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Hewlett Packard Enterprise will post 1.43 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.79%. Hewlett Packard Enterprise’s dividend payout ratio is currently 58.54%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now owns 615 shares in the company, valued at approximately $10,860.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now owns 615 shares in the company, valued at approximately $10,860.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Richard May sold 343,016 shares of the business’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 $5,995,919.68. Following the completion of the sale, the executive vice president now owns 249,511 shares in the company, valued at approximately $4,361,452.28. The disclosure for this sale can be found here. Insiders have sold 799,031 shares of company stock worth $13,970,865 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.

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.