Wilmington Savings Fund Society FSB bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,787 shares of the technology company's stock, valued at approximately $507,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after buying an additional 23,035,594 shares during the last quarter. Marshall Wace LLP grew its position in Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after acquiring an additional 8,560,086 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after purchasing an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in Hewlett Packard Enterprise in the third quarter valued at about $105,185,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 336.7% during the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after purchasing an additional 3,291,880 shares in the last quarter. Institutional investors own 80.78% of the company's stock.
HPE opened at $21.86 on Tuesday. The stock has a market capitalization of $28.39 billion, a P/E ratio of 11.51, a PEG ratio of 2.64 and a beta of 1.21. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The stock has a 50-day moving average price of $21.10 and a 200-day moving average price of $20.07.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's payout ratio is currently 27.37%.
A number of research analysts recently issued reports on the stock. Susquehanna reiterated a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.
Check Out Our Latest Research Report on HPE
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business'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 value of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company's stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 717,601 shares of company stock valued at $15,140,976. 0.40% of the stock is currently owned by corporate insiders.
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.
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