Nomura Asset Management Co. Ltd. boosted its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 250,857 shares of the technology company’s stock after purchasing an additional 6,219 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of HPE. BB&T Securities LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $156,000. Daiwa SB Investments Ltd. bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $156,000. Clear Harbor Asset Management LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $158,000. Empirical Financial Services LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $159,000. Finally, KCS Wealth Advisory bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $161,000. Institutional investors and hedge funds own 82.98% of the company’s stock.
In related news, EVP Henry Gomez sold 805,214 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the sale, the executive vice president now directly owns 363,278 shares of the company’s stock, valued at $6,023,149.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Timothy C. Stonesifer sold 161,858 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $18.30, for a total value of $2,962,001.40. Following the completion of the sale, the chief financial officer now directly owns 158,726 shares in the company, valued at $2,904,685.80. The disclosure for this sale can be found here. Insiders sold 2,200,330 shares of company stock worth $37,722,835 over the last ninety days. 1.18% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Co (NYSE HPE) opened at $18.88 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93. Hewlett Packard Enterprise Co has a 12-month low of $12.69 and a 12-month high of $19.48. The company has a market capitalization of $29,882.69, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.60 and a beta of 1.82.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. Hewlett Packard Enterprise’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. analysts expect that Hewlett Packard Enterprise Co will post 1.4 EPS for the current fiscal year.
Hewlett Packard Enterprise announced that its Board of Directors has approved a share buyback plan on Thursday, February 22nd that permits the company to buyback $5.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 31.91%.
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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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