BlueCrest Capital Management Ltd lifted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 881.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 146,867 shares of the technology company’s stock after purchasing an additional 131,898 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Hewlett Packard Enterprise were worth $2,109,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Burke & Herbert Bank & Trust Co. grew its stake in shares of Hewlett Packard Enterprise by 12.3% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock worth $443,000 after purchasing an additional 3,380 shares during the period. Intrust Bank NA lifted its holdings in Hewlett Packard Enterprise by 25.2% in the 4th quarter. Intrust Bank NA now owns 17,964 shares of the technology company’s stock valued at $258,000 after purchasing an additional 3,616 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 1.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock valued at $2,849,000 after purchasing an additional 3,711 shares in the last quarter. Greenleaf Trust lifted its holdings in Hewlett Packard Enterprise by 20.4% in the 4th quarter. Greenleaf Trust now owns 22,635 shares of the technology company’s stock valued at $325,000 after purchasing an additional 3,832 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Hewlett Packard Enterprise by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 42,380 shares of the technology company’s stock valued at $623,000 after purchasing an additional 3,970 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Tuesday, February 27th. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 target price on the stock. Deutsche Bank upped their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Finally, UBS Group restated a “neutral” rating and issued a $19.00 target price (up from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.46.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The company’s revenue was up 11.6% on a year-over-year basis. analysts expect that Hewlett Packard Enterprise Co will post 1.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.57%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.
Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that permits the company to buyback $5.50 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other news, EVP Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total transaction of $109,692.94. Following the completion of the sale, the executive vice president now directly owns 100,079 shares in the company, valued at approximately $1,443,139.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.14, for a total value of $12,900,360.00. Following the sale, the director now owns 2,167,693 shares of the company’s stock, valued at $41,489,644.02. The disclosure for this sale can be found here. Insiders have sold a total of 2,217,072 shares of company stock valued at $37,963,432 over the last 90 days. Corporate insiders own 1.18% of the company’s stock.
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About Hewlett Packard Enterprise
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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