Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.5% in the first quarter, Holdings Channel.com reports. The firm owned 92,804 shares of the technology company’s stock after acquiring an additional 1,373 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Hewlett Packard Enterprise were worth $1,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. Ironwood Wealth Management LLC. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $32,000. California Public Employees Retirement System grew its holdings in Hewlett Packard Enterprise by 5.9% during the 4th quarter. California Public Employees Retirement System now owns 3,295,003 shares of the technology company’s stock worth $39,046,000 after acquiring an additional 182,555 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Hewlett Packard Enterprise by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 494,515 shares of the technology company’s stock worth $5,860,000 after acquiring an additional 1,680 shares in the last quarter. Meyer Handelman Co. grew its holdings in Hewlett Packard Enterprise by 3.1% during the 4th quarter. Meyer Handelman Co. now owns 260,714 shares of the technology company’s stock worth $3,089,000 after acquiring an additional 7,900 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 25.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 104,311 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 20,888 shares in the last quarter. 81.31% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on HPE shares. Stifel Nicolaus began coverage on shares of Hewlett Packard Enterprise in a report on Monday, May 17th. They set a “buy” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, March 26th. Credit Suisse Group raised their price target on shares of Hewlett Packard Enterprise from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 2nd. Raymond James raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 2nd. Finally, Jefferies Financial Group began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, April 20th. They issued a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $15.21.

Shares of NYSE:HPE opened at $15.63 on Friday. Hewlett Packard Enterprise has a fifty-two week low of $8.28 and a fifty-two week high of $16.74. The company has a market cap of $20.41 billion, a P/E ratio of 31.90, a PEG ratio of 2.79 and a beta of 1.23. The firm has a 50-day moving average price of $16.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.93.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, May 31st. The technology company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Hewlett Packard Enterprise had a net margin of 2.35% and a return on equity of 8.51%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the firm earned $0.22 EPS. Hewlett Packard Enterprise’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 0.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Wednesday, June 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.07%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.56%.

In other Hewlett Packard Enterprise news, SVP Thomas E. Black, Jr. sold 10,003 shares of the business’s stock in a transaction dated Wednesday, May 26th. The shares were sold at an average price of $16.09, for a total transaction of $160,948.27. Following the sale, the senior vice president now directly owns 27,667 shares in the company, valued at approximately $445,162.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan Richard May sold 15,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $16.30, for a total transaction of $244,500.00. Following the completion of the transaction, the executive vice president now directly owns 196,317 shares in the company, valued at approximately $3,199,967.10. The disclosure for this sale can be found here. Insiders have sold a total of 683,675 shares of company stock worth $11,110,631 over the last 90 days. 0.52% of the stock is owned by insiders.

About Hewlett Packard Enterprise

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.

Further Reading: What is the S&P/ASX 200 Index?

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE).

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.