Principal Financial Group Inc. increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,578,980 shares of the technology company’s stock after acquiring an additional 32,718 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Hewlett Packard Enterprise worth $25,153,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Aspire Private Capital LLC increased its stake in Hewlett Packard Enterprise by 169.2% during the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock valued at $19,423,320,000 after purchasing an additional 765 shares in the last quarter. New Hampshire Trust acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,000. U.S. Capital Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $38,000. First Manhattan Co. increased its stake in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $45,000. Institutional investors own 81.69% of the company’s stock.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 33,417 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $16.00, for a total transaction of $534,672.00. Following the completion of the transaction, the senior vice president now owns 9,776 shares of the company’s stock, valued at $156,416. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Tarek Robbiati sold 159,180 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.01, for a total value of $2,548,471.80. Following the completion of the transaction, the chief financial officer now owns 159,073 shares of the company’s stock, valued at $2,546,758.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kirt P. Karros sold 33,417 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.00, for a total transaction of $534,672.00. Following the completion of the transaction, the senior vice president now directly owns 9,776 shares of the company’s stock, valued at approximately $156,416. The disclosure for this sale can be found here. Insiders sold a total of 454,635 shares of company stock valued at $7,327,919 over the last 90 days. 0.53% of the stock is owned by company insiders.
Hewlett Packard Enterprise Trading Down 1.5 %
Shares of HPE stock opened at $16.79 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market cap of $21.68 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. The company has a 50-day moving average of $17.13 and a two-hundred day moving average of $15.84. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $18.14.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $7.30 billion. Hewlett Packard Enterprise had a net margin of 3.46% and a return on equity of 5.05%. Hewlett Packard Enterprise’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. On average, analysts predict that Hewlett Packard Enterprise will post 1.36 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, June 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 61.54%.
Wall Street Analyst Weigh In
HPE has been the topic of a number of recent analyst reports. StockNews.com started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. Citigroup started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 price objective on the stock. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 in a report on Wednesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $16.73.
Get Our Latest Stock Analysis on Hewlett Packard Enterprise
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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