Hewlett Packard Enterprise Co (HPE) Position Lifted by Global X Management Co LLC
Global X Management Co LLC increased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 914.1% during the second quarter, HoldingsChannel.com reports. The fund owned 104,985 shares of the technology company’s stock after buying an additional 94,632 shares during the period. Global X Management Co LLC’s holdings in Hewlett Packard Enterprise were worth $1,534,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in HPE. Spectrum Financial Alliance Ltd LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $121,000. Summit Trail Advisors LLC grew its holdings in Hewlett Packard Enterprise by 1,771.8% during the first quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock worth $121,000 after acquiring an additional 114,124 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Hewlett Packard Enterprise by 16,531.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after acquiring an additional 8,431 shares during the period. Highlander Capital Management LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $148,000. Finally, Farmers Trust Co. acquired a new position in Hewlett Packard Enterprise during the second quarter worth $150,000. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise stock opened at $17.02 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $25.05 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.13 and a beta of 1.77. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.48.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 annualized dividend and a dividend yield of 2.64%. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.
In other news, insider Keerti Melkote sold 87,113 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $15.96, for a total value of $1,390,323.48. Following the sale, the insider now directly owns 102,283 shares in the company, valued at $1,632,436.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Antonio F. Neri sold 36,556 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $16.50, for a total value of $603,174.00. Following the completion of the sale, the insider now owns 170,721 shares in the company, valued at $2,816,896.50. The disclosure for this sale can be found here. Insiders sold 1,532,296 shares of company stock worth $23,914,780 over the last 90 days. Company insiders own 1.18% of the company’s stock.
A number of research analysts recently weighed in on HPE shares. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Oppenheimer set a $20.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday, August 28th. Raymond James lowered their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. Pivotal Research lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, June 14th. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $18.00 in a report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.79.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
Further Reading: Understanding Analyst Recommendations
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