Meyer Handelman Co. Boosts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Meyer Handelman Co. grew its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 263,114 shares of the technology company’s stock after purchasing an additional 2,400 shares during the quarter. Meyer Handelman Co.’s holdings in Hewlett Packard Enterprise were worth $4,141,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HPE. Dodge & Cox increased its position in Hewlett Packard Enterprise by 1.0% during the 4th quarter. Dodge & Cox now owns 158,656,219 shares of the technology company’s stock valued at $1,880,076,000 after buying an additional 1,594,162 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Hewlett Packard Enterprise by 9.8% in the fourth quarter. BlackRock Inc. now owns 118,277,439 shares of the technology company’s stock worth $1,401,589,000 after buying an additional 10,541,721 shares during the last quarter. Pzena Investment Management LLC boosted its position in Hewlett Packard Enterprise by 0.8% during the fourth quarter. Pzena Investment Management LLC now owns 44,979,226 shares of the technology company’s stock worth $533,004,000 after purchasing an additional 352,432 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hewlett Packard Enterprise by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,535,148 shares of the technology company’s stock worth $219,621,000 after purchasing an additional 203,597 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Hewlett Packard Enterprise by 4.3% in the fourth quarter. First Trust Advisors LP now owns 17,089,592 shares of the technology company’s stock valued at $202,512,000 after acquiring an additional 701,309 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

Shares of Hewlett Packard Enterprise stock opened at $16.17 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of -62.19, a P/E/G ratio of 3.08 and a beta of 1.38. Hewlett Packard Enterprise has a 1-year low of $8.28 and a 1-year high of $16.74. The firm’s 50-day moving average price is $15.92 and its two-hundred day moving average price is $13.20.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 1st. The technology company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.11. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.75 billion. Hewlett Packard Enterprise had a negative net margin of 1.19% and a positive return on equity of 10.73%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 0.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 7th. Shareholders of record on Wednesday, March 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, March 9th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.56%.

Several equities research analysts recently commented on HPE shares. Raymond James increased their price target on Hewlett Packard Enterprise from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. JPMorgan Chase & Co. lifted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, March 26th. Jefferies Financial Group started coverage on Hewlett Packard Enterprise in a report on Monday, April 26th. They issued a “buy” rating and a $20.00 target price for the company. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $15.50 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 14th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating and set a $13.00 price target for the company in a report on Tuesday, February 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $14.03.

In other news, EVP John F. Schultz sold 269,598 shares of the stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $16.54, for a total value of $4,459,150.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 343,017 shares of the stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $14.31, for a total transaction of $4,908,573.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 882,213 shares of company stock worth $13,692,076. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem, HPE Synergy, and HPE ProLiant; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

See Also: Lock-Up Period Expiration

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

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