UBS Asset Management Americas Inc. Increases Stock Position in Hewlett Packard Enterprise Co (NYSE:HPE)

UBS Asset Management Americas Inc. grew its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,046,352 shares of the technology company’s stock after acquiring an additional 910,209 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Hewlett Packard Enterprise were worth $120,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $428,000. Intact Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $2,243,000. Truewealth LLC lifted its stake in shares of Hewlett Packard Enterprise by 72.7% in the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Bogle Investment Management L P DE bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $1,966,000. Finally, GAM Holding AG bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $659,000. 81.64% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Antonio F. Neri sold 49,635 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.19, for a total value of $753,955.65. Following the completion of the transaction, the chief executive officer now directly owns 29,602 shares of the company’s stock, valued at $449,654.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip Davis sold 16,436 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total transaction of $237,171.48. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.



Shares of Hewlett Packard Enterprise stock traded up $0.32 on Wednesday, hitting $14.57. 273,071 shares of the company traded hands, compared to its average volume of 10,273,030. The stock has a market capitalization of $18.73 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 0.88. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.02. The business has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $14.79.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The firm had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the firm posted $0.44 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise Co will post 1.74 earnings per share for the current year.

Several equities analysts have recently weighed in on HPE shares. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 29th. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Daiwa Capital Markets set a $14.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research note on Thursday, August 29th. Nomura lowered their price objective on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. Finally, TheStreet cut shares of Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.69.

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

Featured Story: How to execute a trade ex-dividend strategy?

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 Co (NYSE:HPE).

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

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