Lingohr & Partner Asset Management GmbH raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,702 shares of the technology company’s stock after purchasing an additional 6,700 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Hewlett Packard Enterprise were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Bank of Montreal Can raised its position in Hewlett Packard Enterprise by 6.0% during the 2nd quarter. Bank of Montreal Can now owns 1,038,061 shares of the technology company’s stock valued at $17,221,000 after purchasing an additional 58,608 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Hewlett Packard Enterprise by 40.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 301,436 shares of the technology company’s stock valued at $5,001,000 after purchasing an additional 86,785 shares during the last quarter. State of Alaska Department of Revenue raised its position in Hewlett Packard Enterprise by 55.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,920 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Hewlett Packard Enterprise by 515.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 273,564 shares of the technology company’s stock valued at $4,538,000 after purchasing an additional 229,133 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in Hewlett Packard Enterprise by 29.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 41,368 shares of the technology company’s stock valued at $686,000 after purchasing an additional 9,362 shares during the last quarter. 81.96% of the stock is owned by institutional investors and hedge funds.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 56,170 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. Following the sale, the chief financial officer now directly owns 177,634 shares of the company’s stock, valued at $2,449,572.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at $16,977,318.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,309,941 shares of company stock worth $48,162,528. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company (HPE) traded down $0.02 during midday trading on Monday, reaching $13.70. The company had a trading volume of 4,518,200 shares, compared to its average volume of 12,071,746. The stock has a market capitalization of $22,186.66, a P/E ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise Company has a 12 month low of $12.97 and a 12 month high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its 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. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 371.48%.

Hewlett Packard Enterprise announced that its board has approved a share buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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HPE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. UBS AG lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Friday, October 20th. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Robert W. Baird reissued a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.79.

Hewlett Packard Enterprise Company 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).

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

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