Oak Associates Ltd. OH boosted its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,726 shares of the technology company’s stock after purchasing an additional 13,000 shares during the quarter. Oak Associates Ltd. OH’s holdings in Hewlett Packard Enterprise were worth $5,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dodge & Cox raised its stake in Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after purchasing an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.4% in the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after purchasing an additional 1,508,612 shares in the last quarter. BlackRock Inc. raised its stake in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after purchasing an additional 95,915,907 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after purchasing an additional 16,592,308 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after purchasing an additional 5,394,147 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors and hedge funds.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the sale, the chief executive officer now owns 962,433 shares in the company, valued at $17,150,556.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 389,651 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the sale, the chief executive officer now owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,060,518 shares of company stock worth $63,031,467 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Shares of Hewlett Packard Enterprise Company (HPE) traded down 0.34% on Monday, hitting $14.84. 1,580,333 shares of the company traded hands. The firm’s 50 day moving average price is $14.17 and its 200-day moving average price is $13.86. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 206.11 and a beta of 2.72. Hewlett Packard Enterprise Company has a 1-year low of $12.26 and a 1-year high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.75%. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

HPE has been the topic of a number of recent analyst reports. Barclays PLC reaffirmed a “sell” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. CIBC lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. Finally, Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 target price on the stock. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $18.21.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/16/hewlett-packard-enterprise-company-hpe-position-raised-by-oak-associates-ltd-oh.html.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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 Company (NYSE:HPE).

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

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