Hewlett Packard Enterprise Company (HPE) Stake Lifted by Dai Ichi Life Insurance Company Ltd

Dai Ichi Life Insurance Company Ltd grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,197 shares of the technology company’s stock after purchasing an additional 3,451 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Hewlett Packard Enterprise were worth $1,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at $127,000. YorkBridge Wealth Partners LLC grew its position in shares of Hewlett Packard Enterprise by 12.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after purchasing an additional 675 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after purchasing an additional 43 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after purchasing an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Hewlett Packard Enterprise by 55.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,920 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

Hewlett Packard Enterprise Company (HPE) opened at 13.52 on Friday. The company’s 50-day moving average is $13.61 and its 200-day moving average is $13.66. Hewlett Packard Enterprise Company has a 12 month low of $12.26 and a 12 month high of $14.86. The company has a market cap of $22.21 billion, a P/E ratio of 10.25 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. Hewlett Packard Enterprise’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post $1.40 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 371.48%.

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In other news, CEO Margaret C. Whitman sold 249,052 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the sale, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 62,652 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the completion of the sale, the chief executive officer now directly owns 830,251 shares in the company, valued at $13,873,494.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,212,729 shares of company stock worth $37,471,052. 0.87% of the stock is owned by insiders.

A number of research firms have recently commented on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Maxim Group reiterated a “hold” rating and issued a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Royal Bank Of Canada cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $19.03.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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