Hewlett Packard Enterprise Company (HPE) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 384,836.2% during the third quarter, Holdings Channel reports. The fund owned 573,555 shares of the company’s stock after buying an additional 573,406 shares during the period. RWC Asset Management LLP’s holdings in Hewlett Packard Enterprise Company were worth $13,048,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Ledyard National Bank boosted its stake in shares of Hewlett Packard Enterprise Company by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Hewlett Packard Enterprise Company during the third quarter worth approximately $103,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Hewlett Packard Enterprise Company by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock worth $108,000 after buying an additional 441 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Hewlett Packard Enterprise Company by 2,135.3% in the third quarter. Global X Management Co. LLC now owns 5,320 shares of the company’s stock worth $121,000 after buying an additional 5,082 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of Hewlett Packard Enterprise Company by 308.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,665 shares of the company’s stock worth $152,000 after buying an additional 5,035 shares during the last quarter. 79.10% of the stock is currently owned by hedge funds and other institutional investors.

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

Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.54% during mid-day trading on Monday, hitting $24.12. 2,007,236 shares of the stock were exchanged. The company has a market cap of $40.16 billion, a P/E ratio of 13.25 and a beta of 3.05. Hewlett Packard Enterprise Company has a one year low of $12.18 and a one year high of $24.79. The company has a 50-day moving average price of $23.09 and a 200-day moving average price of $22.60.

Hewlett Packard Enterprise Company (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise Company had a return on equity of 10.43% and a net margin of 6.31%. The firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise Company will post $2.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, March 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.08%. Hewlett Packard Enterprise Company’s dividend payout ratio (DPR) is currently 14.21%.

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Several research firms have issued reports on HPE. Susquehanna Bancshares Inc set a $20.00 price target on shares of Hewlett Packard Enterprise Company and gave the stock a “hold” rating in a research note on Thursday, November 24th. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise Company in a research note on Wednesday, November 23rd. Raymond James Financial, Inc. raised shares of Hewlett Packard Enterprise Company from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $23.60 to $29.00 in a research note on Friday, November 18th. Zacks Investment Research raised shares of Hewlett Packard Enterprise Company from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, January 24th. Finally, Vetr raised shares of Hewlett Packard Enterprise Company from a “buy” rating to a “strong-buy” rating and set a $26.49 price target on the stock in a research note on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.58.

In other news, EVP John F. Schultz sold 12,555 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $23.46, for a total transaction of $294,540.30. Following the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at $1,863,826.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kirt P. Karros sold 3,191 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $23.75, for a total value of $75,786.25. The disclosure for this sale can be found here. Insiders have sold 329,620 shares of company stock worth $7,862,012 over the last ninety days. Insiders own 0.87% of the company’s stock.

About Hewlett Packard Enterprise Company

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

5 Day Chart for NYSE:HPE

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE).

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