Argyle Capital Management Inc. raised its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,975 shares of the technology company’s stock after buying an additional 7,000 shares during the quarter. Argyle Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $1,109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its position in Hewlett Packard Enterprise by 5.0% in the 1st quarter. LPL Financial LLC now owns 83,694 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 3,959 shares during the last quarter. Royal Bank of Canada increased its position in Hewlett Packard Enterprise by 6.9% in the 1st quarter. Royal Bank of Canada now owns 676,704 shares of the technology company’s stock worth $11,869,000 after purchasing an additional 43,461 shares during the last quarter. Summit Trail Advisors LLC increased its position in Hewlett Packard Enterprise by 1,771.8% in the 1st quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock worth $121,000 after purchasing an additional 114,124 shares during the last quarter. Suntrust Banks Inc. increased its position in Hewlett Packard Enterprise by 20.4% in the 1st quarter. Suntrust Banks Inc. now owns 90,134 shares of the technology company’s stock worth $1,579,000 after purchasing an additional 15,244 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. acquired a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $415,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Raymond James dropped their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday. Oppenheimer set a $18.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Thursday. Nomura began coverage on Hewlett Packard Enterprise in a report on Thursday, June 28th. They issued a “neutral” rating and a $16.00 price objective on the stock. Maxim Group restated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Finally, BMO Capital Markets dropped their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.65.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter last year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Hewlett Packard Enterprise Co will post 1.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a yield of 3.07%. Hewlett Packard Enterprise’s payout ratio is presently 46.88%.
In other news, CFO Timothy C. Stonesifer sold 479,142 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the sale, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the sale, the insider now directly owns 87,828 shares in the company, valued at approximately $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 685,704 shares of company stock worth $11,342,061 over the last quarter. 1.18% of the stock is currently owned by company insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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