CIBC Asset Management Inc Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

CIBC Asset Management Inc raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 88.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 238,244 shares of the technology company’s stock after acquiring an additional 111,638 shares during the period. CIBC Asset Management Inc’s holdings in Hewlett Packard Enterprise were worth $3,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its holdings in Hewlett Packard Enterprise by 3.0% during the 4th quarter. State Street Corp now owns 68,369,444 shares of the technology company’s stock valued at $1,086,148,000 after buying an additional 2,015,880 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 24,839,336 shares of the technology company’s stock valued at $390,943,000 after purchasing an additional 1,044,251 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 7.6% in the first quarter. Victory Capital Management Inc. now owns 18,787,822 shares of the technology company’s stock valued at $310,250,000 after purchasing an additional 1,323,239 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hewlett Packard Enterprise by 1.7% in the fourth quarter. Northern Trust Corp now owns 15,706,591 shares of the technology company’s stock valued at $247,692,000 after purchasing an additional 265,969 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Hewlett Packard Enterprise by 0.4% in the fourth quarter. Legal & General Group Plc now owns 13,592,795 shares of the technology company’s stock valued at $214,357,000 after purchasing an additional 53,870 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HPE. Evercore ISI cut their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th. KGI Securities began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, April 19th. They issued an “outperform” rating for the company. Citigroup cut their target price on shares of Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating for the company in a report on Thursday, June 2nd. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $17.00 to $15.00 in a report on Tuesday, April 12th. They noted that the move was a valuation call. Finally, Barclays lowered their price target on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.95.

Hewlett Packard Enterprise Stock Up 0.5 %

NYSE:HPE opened at $14.36 on Friday. Hewlett Packard Enterprise has a twelve month low of $12.40 and a twelve month high of $17.76. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. The stock has a fifty day simple moving average of $13.93 and a 200-day simple moving average of $15.45. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its earnings results on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). Hewlett Packard Enterprise had a return on equity of 19.01% and a net margin of 13.28%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise will post 1.21 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 17.27%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Thomas E. Black, Jr. sold 28,347 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Alan Richard May sold 94,705 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now owns 310,500 shares in the company, valued at $4,682,340. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

About Hewlett Packard Enterprise

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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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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

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