Pitcairn Co. Has $2.07 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Pitcairn Co. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 130.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 101,072 shares of the technology company’s stock after buying an additional 57,135 shares during the quarter. Pitcairn Co.’s holdings in Hewlett Packard Enterprise were worth $2,068,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HPE. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $861,000. CHICAGO TRUST Co NA boosted its stake in shares of Hewlett Packard Enterprise by 67.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. National Pension Service raised its stake in Hewlett Packard Enterprise by 17.3% during the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after buying an additional 472,885 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after acquiring an additional 463,965 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 26.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

HPE opened at $22.10 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.40 and a beta of 1.19. The firm’s fifty day moving average price is $20.35 and its two-hundred day moving average price is $19.61.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Wall Street Analysts Forecast Growth

HPE has been the subject of several research analyst reports. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target on the stock. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $22.21.

Hewlett Packard Enterprise Profile

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.