100,047 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 100,047 shares of the technology company’s stock, valued at approximately $2,047,000.

A number of other large investors have also bought and sold shares of HPE. Avantax Advisory Services Inc. grew its position in Hewlett Packard Enterprise by 4.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock worth $315,000 after acquiring an additional 822 shares during the last quarter. Bessemer Group Inc. boosted its position in Hewlett Packard Enterprise by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 40,786 shares of the technology company’s stock valued at $722,000 after buying an additional 4,154 shares during the last quarter. National Bank of Canada FI boosted its position in Hewlett Packard Enterprise by 217.2% in the 1st quarter. National Bank of Canada FI now owns 2,045,264 shares of the technology company’s stock valued at $34,892,000 after buying an additional 1,400,502 shares during the last quarter. Twin Capital Management Inc. boosted its position in Hewlett Packard Enterprise by 2.9% in the 1st quarter. Twin Capital Management Inc. now owns 29,445 shares of the technology company’s stock valued at $522,000 after buying an additional 832 shares during the last quarter. Finally, Natixis boosted its position in Hewlett Packard Enterprise by 10,345.0% in the 1st quarter. Natixis now owns 1,789,965 shares of the technology company’s stock valued at $31,736,000 after buying an additional 1,772,828 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. UBS Group increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Susquehanna restated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $29.00 in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.00.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.39 on Tuesday. The business’s 50-day moving average price is $19.95 and its two-hundred day moving average price is $19.50. 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 firm has a market cap of $27.77 billion, a PE ratio of 15.28, a P/E/G ratio of 3.27 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.43%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fidelma Russo sold 55,908 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. Company insiders own 0.40% of the company’s stock.

About Hewlett Packard Enterprise

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.