Hewlett Packard Enterprise Company (HPE) Position Increased by Swiss National Bank

Swiss National Bank boosted its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,092,692 shares of the technology company’s stock after buying an additional 20,300 shares during the quarter. Swiss National Bank owned approximately 376,217.50% of Hewlett Packard Enterprise worth $89,623,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Dodge & Cox boosted its stake in Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after buying an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after buying an additional 1,508,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 32.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after buying an additional 16,592,308 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Hewlett Packard Enterprise by 27.7% in the 2nd quarter. Pzena Investment Management LLC now owns 22,129,234 shares of the technology company’s stock valued at $367,124,000 after buying an additional 4,794,388 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Hewlett Packard Enterprise by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock valued at $321,088,000 after buying an additional 779,447 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors and hedge funds.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 1,494,094 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the sale, the chief executive officer now owns 1,514,639 shares in the company, valued at $21,613,898.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the completion of the sale, the chief executive officer now owns 962,433 shares in the company, valued at approximately $16,977,318.12. The disclosure for this sale can be found here. Insiders sold 3,309,941 shares of company stock worth $48,162,528 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company (HPE) opened at $13.70 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $12.97 and a 52-week high of $24.88. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $22,186.66, a P/E ratio of 8.46, a P/E/G ratio of 1.76 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. equities analysts predict that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.19%. Hewlett Packard Enterprise’s dividend payout ratio is 371.48%.

Hewlett Packard Enterprise announced that its board has initiated a stock repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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Several analysts recently commented on HPE shares. Barclays PLC reaffirmed a “sell” rating and issued a $14.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Loop Capital assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $17.79.

Hewlett Packard Enterprise 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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