Polianta Ltd Buys 18,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Polianta Ltd lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 36.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,000 shares of the technology company’s stock after buying an additional 18,000 shares during the quarter. Hewlett Packard Enterprise comprises about 0.6% of Polianta Ltd’s portfolio, making the stock its 17th largest holding. Polianta Ltd’s holdings in Hewlett Packard Enterprise were worth $1,370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares in the last quarter. Sei Investments Co. raised its position in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after buying an additional 475,397 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after buying an additional 196,112 shares during the period. Cetera Investment Advisers grew its position in Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after buying an additional 99,394 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after acquiring an additional 36,704 shares during the period. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Susquehanna reiterated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.36.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $20.67 on Monday. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.38 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $18.75 and its 200-day moving average price is $18.91. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.52%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,012 shares of company stock valued at $3,417,117 in the last three months. 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.