Russell Investments Group Ltd. Decreases Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Russell Investments Group Ltd. decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,077,836 shares of the technology company’s stock after selling 325,836 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Hewlett Packard Enterprise worth $51,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC raised its stake in Hewlett Packard Enterprise by 169.2% in the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock valued at $19,423,320,000 after purchasing an additional 765 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of Hewlett Packard Enterprise by 68.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,728 shares of the technology company’s stock valued at $30,000 after acquiring an additional 700 shares during the last quarter. McIlrath & Eck LLC increased its position in Hewlett Packard Enterprise by 90.2% during the 2nd quarter. McIlrath & Eck LLC now owns 1,910 shares of the technology company’s stock worth $32,000 after purchasing an additional 906 shares in the last quarter. First Manhattan Co. increased its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Glassman Wealth Services increased its position in Hewlett Packard Enterprise by 72.0% during the 2nd quarter. Glassman Wealth Services now owns 2,444 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research analyst reports. Credit Suisse Group dropped their target price on shares of Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Raymond James increased their target price on shares of Hewlett Packard Enterprise from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 30th. Bank of America increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 30th. Finally, Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.54.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $15.93 on Friday. The business’s fifty day moving average price is $16.43 and its 200 day moving average price is $16.38. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $18.14. The stock has a market capitalization of $20.43 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.42 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Thursday, September 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, September 13th. Hewlett Packard Enterprise’s dividend payout ratio is presently 58.54%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 434,884 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $17.48, for a total value of $7,601,772.32. Following the sale, the chief executive officer now directly owns 1,370,291 shares of the company’s stock, valued at $23,952,686.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Alan Richard May sold 343,016 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the transaction, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at $4,361,452.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $7,601,772.32. Following the transaction, the chief executive officer now directly owns 1,370,291 shares in the company, valued at $23,952,686.68. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise 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.