Vinva Investment Management Ltd Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Vinva Investment Management Ltd increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 162.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,683 shares of the technology company’s stock after buying an additional 198,434 shares during the quarter. Vinva Investment Management Ltd’s holdings in Hewlett Packard Enterprise were worth $6,459,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. Finally, Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 5.9 %

NYSE:HPE opened at $20.82 on Thursday. The business’s 50-day moving average is $20.58 and its two-hundred day moving average is $19.71. The firm has a market capitalization of $27.04 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.47 and a beta of 1.19. 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.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.14%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.21.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.