Macquarie Group Ltd. Buys 219,447 Shares of Hewlett Packard Enterprise Co. (HPE)
Macquarie Group Ltd. increased its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 33.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 885,324 shares of the company’s stock after buying an additional 219,447 shares during the period. Macquarie Group Ltd. owned 0.05% of Hewlett Packard Enterprise worth $16,175,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in HPE. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at about $100,000. MCF Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Cedar Wealth Management LLC increased its stake in shares of Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the period. Finally, CWM LLC increased its stake in shares of Hewlett Packard Enterprise by 43.4% in the second quarter. CWM LLC now owns 8,735 shares of the company’s stock valued at $160,000 after buying an additional 2,644 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 0.108% during trading on Monday, hitting $23.195. The company had a trading volume of 12,276,930 shares. The stock has a market cap of $38.63 billion and a PE ratio of 9.677. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $20.67. Hewlett Packard Enterprise Co. has a 12-month low of $11.63 and a 12-month high of $23.85.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. Hewlett Packard Enterprise’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts forecast that Hewlett Packard Enterprise Co. will post $2.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.12%. Hewlett Packard Enterprise’s dividend payout ratio is currently 12.02%.
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Several brokerages recently issued reports on HPE. Susquehanna set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Robert W. Baird reissued a “hold” rating and issued a $24.00 price target (up previously from $23.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, November 23rd. Raymond James Financial Inc. raised Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $23.60 to $29.00 in a report on Friday, November 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $22.80.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeff T. Ricci sold 43,137 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $22.44, for a total value of $967,994.28. Following the transaction, the senior vice president now directly owns 52,221 shares in the company, valued at approximately $1,171,839.24. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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