100,047 Shares in Hewlett Packard Enterprise (NYSE:HPE) Bought by LMR Partners LLP

LMR Partners LLP bought a new position in Hewlett Packard Enterprise (NYSE:HPE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,047 shares of the technology company’s stock, valued at approximately $2,047,000.

A number of other large investors have also bought and sold shares of the company. Capital Investment Counsel Inc boosted its stake in Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after buying an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after acquiring an additional 536 shares in the last quarter. Bailard Inc. lifted its position in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock valued at $748,000 after acquiring an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its holdings in shares of Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after buying an additional 581 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective for the company. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.39 on Tuesday. The company’s fifty day moving average price is $19.95 and its 200 day moving average price is $19.50. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month 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 firm has a market capitalization of $27.77 billion, a P/E ratio of 15.28, a P/E/G ratio of 3.27 and a beta of 1.19.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

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.