Bragg Financial Advisors Inc increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 116.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,378 shares of the company’s stock after buying an additional 25,000 shares during the period. Bragg Financial Advisors Inc’s holdings in Hewlett Packard Enterprise Company were worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. OZ Management LP increased its stake in Hewlett Packard Enterprise Company by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the company’s stock valued at $190,913,000 after buying an additional 5,705,284 shares in the last quarter. Marshall Wace LLP increased its stake in Hewlett Packard Enterprise Company by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock valued at $85,584,000 after buying an additional 3,458,745 shares in the last quarter. MD Sass Investors Services Inc. bought a new stake in Hewlett Packard Enterprise Company during the second quarter valued at $55,797,000. Brenner West Capital Advisors LLC bought a new stake in Hewlett Packard Enterprise Company during the second quarter valued at $51,412,000. Finally, Jana Partners LLC increased its stake in Hewlett Packard Enterprise Company by 68.2% in the third quarter. Jana Partners LLC now owns 6,822,274 shares of the company’s stock valued at $155,207,000 after buying an additional 2,765,065 shares in the last quarter. 78.23% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.84% during trading on Friday, reaching $22.94. 5,757,032 shares of the company’s stock were exchanged. Hewlett Packard Enterprise Company has a 52 week low of $11.62 and a 52 week high of $24.79. The firm has a market capitalization of $38.19 billion, a price-to-earnings ratio of 12.60 and a beta of 3.14. The stock has a 50-day moving average price of $23.61 and a 200 day moving average price of $22.03.

Hewlett Packard Enterprise Company (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise Company had a net margin of 6.31% and a return on equity of 10.43%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts forecast that Hewlett Packard Enterprise Company will post $2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, December 12th. This is a positive change from Hewlett Packard Enterprise Company’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. Hewlett Packard Enterprise Company’s dividend payout ratio (DPR) is 14.21%.

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HPE has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $25.00 target price on shares of Hewlett Packard Enterprise Company in a research report on Sunday, October 16th. Vetr raised shares of Hewlett Packard Enterprise Company from a “buy” rating to a “strong-buy” rating and set a $25.36 target price on the stock in a research report on Monday, October 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $24.50 target price on shares of Hewlett Packard Enterprise Company in a research report on Tuesday, September 20th. Wells Fargo & Company reissued a “market perform” rating on shares of Hewlett Packard Enterprise Company in a research report on Friday, November 11th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise Company from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.53.

In other news, SVP Kirt P. Karros sold 3,191 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $23.75, for a total transaction of $75,786.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Youngjohns sold 179,890 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $22.01, for a total transaction of $3,959,378.90. Following the transaction, the executive vice president now owns 58,215 shares in the company, valued at $1,281,312.15. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Hewlett Packard Enterprise Company Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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