OLD Mutual Customised Solutions Proprietary Ltd. Boosts Holdings in Hewlett Packard Enterprise (HPE)

OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the technology company’s stock after acquiring an additional 40,400 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Hewlett Packard Enterprise were worth $1,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 19.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock worth $1,183,932,000 after acquiring an additional 13,150,243 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Hewlett Packard Enterprise by 18.6% during the 4th quarter. Pzena Investment Management LLC now owns 44,553,009 shares of the technology company’s stock worth $639,781,000 after acquiring an additional 6,992,169 shares during the last quarter. Schroder Investment Management Group grew its holdings in Hewlett Packard Enterprise by 28.9% during the 4th quarter. Schroder Investment Management Group now owns 16,075,656 shares of the technology company’s stock worth $230,846,000 after acquiring an additional 3,600,481 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Hewlett Packard Enterprise by 8.2% during the 4th quarter. Victory Capital Management Inc. now owns 13,164,978 shares of the technology company’s stock worth $189,050,000 after acquiring an additional 998,236 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Hewlett Packard Enterprise by 7.6% during the 4th quarter. LSV Asset Management now owns 10,662,232 shares of the technology company’s stock worth $153,109,000 after acquiring an additional 749,389 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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Hewlett Packard Enterprise (HPE) opened at $18.32 on Friday. The stock has a market cap of $29,318.57, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.57 and a beta of 1.82. Hewlett Packard Enterprise has a 12 month low of $12.69 and a 12 month high of $19.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.06.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. Hewlett Packard Enterprise’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise declared that its board has authorized a stock buyback program on Thursday, February 22nd that allows the company to buyback $5.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is presently 31.91%.

In related news, EVP Henry Gomez sold 805,214 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total transaction of $13,350,448.12. Following the transaction, the executive vice president now directly owns 363,278 shares of the company’s stock, valued at $6,023,149.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 49,921 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $15.00, for a total transaction of $748,815.00. Following the transaction, the executive vice president now owns 50,158 shares in the company, valued at approximately $752,370. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,434,834 shares of company stock worth $61,645,932. 1.18% of the stock is owned by insiders.

HPE has been the topic of a number of research reports. Deutsche Bank boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday. Maxim Group upped their price objective on shares of Hewlett Packard Enterprise from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $20.00 price objective (up from $13.00) on shares of Hewlett Packard Enterprise in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.46.

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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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