Grassi Investment Management maintained its stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the company’s stock at the end of the first quarter. Grassi Investment Management’s holdings in Hewlett Packard Enterprise were worth $675,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Dodge & Cox bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $4,831,636,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 94.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 37,399,100 shares of the company’s stock worth $865,415,000 after buying an additional 18,117,846 shares in the last quarter. AQR Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 527.0% in the fourth quarter. AQR Capital Management LLC now owns 25,007,739 shares of the company’s stock worth $578,679,000 after buying an additional 21,019,389 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hewlett Packard Enterprise by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,865,314 shares of the company’s stock worth $413,423,000 after buying an additional 259,694 shares in the last quarter. Finally, Norges Bank bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $372,714,000. Hedge funds and other institutional investors own 79.10% of the company’s stock.
Hewlett Packard Enterprise Co (NYSE:HPE) traded down 0.028% during trading on Thursday, reaching $18.045. The company had a trading volume of 7,931,152 shares. Hewlett Packard Enterprise Co has a 12 month low of $15.38 and a 12 month high of $24.88. The stock has a 50 day moving average of $21.86 and a 200-day moving average of $22.75. The company has a market capitalization of $29.91 billion, a P/E ratio of 9.786 and a beta of 3.05.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 23rd. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The business earned $11.41 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Hewlett Packard Enterprise’s revenue was down 10.4% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise Co will post $1.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio is 14.21%.
HPE has been the subject of several recent analyst reports. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Wells Fargo & Co restated a “market perform” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 8th. They noted that the move was a valuation call. Raymond James Financial, Inc. restated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Thursday, January 19th. OTR Global upgraded Hewlett Packard Enterprise to a “positive” rating in a report on Wednesday, February 15th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, February 27th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $22.83.
In related news, EVP Michael G. Nefkens sold 831,311 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $22.41, for a total transaction of $18,629,679.51. Following the transaction, the executive vice president now directly owns 474,245 shares of the company’s stock, valued at $10,627,830.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael G. Nefkens sold 322,733 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $22.64, for a total value of $7,306,675.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,500,214 shares of company stock valued at $33,569,384. 0.87% of the stock is currently owned by company insiders.
Hewlett Packard Enterprise Company Profile
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).
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