City Holding Co. bought a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,009 shares of the technology companys stock, valued at approximately $278,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Equity Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $270,000. Eaton Vance Management boosted its position in shares of Hewlett Packard Enterprise by 8.4% during the first quarter. Eaton Vance Management now owns 129,482 shares of the technology companys stock worth $2,271,000 after buying an additional 10,000 shares during the period. Alambic Investment Management L.P. acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $417,000. Korea Investment CORP boosted its position in shares of Hewlett Packard Enterprise by 170.6% during the first quarter. Korea Investment CORP now owns 523,468 shares of the technology companys stock worth $9,182,000 after buying an additional 330,009 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Hewlett Packard Enterprise by 376.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 791,544 shares of the technology companys stock worth $13,884,000 after buying an additional 625,566 shares during the period. 82.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HPE traded up $0.02 during mid-day trading on Wednesday, reaching $16.57. The company had a trading volume of 145,827 shares, compared to its average volume of 10,782,782. Hewlett Packard Enterprise Co has a twelve month low of $12.81 and a twelve month high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $24.90 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.13 and a beta of 1.76.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprises revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. analysts predict that Hewlett Packard Enterprise Co will post 1.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprises dividend payout ratio is presently 46.88%.
In related news, insider Antonio F. Neri sold 36,556 shares of the companys stock in a transaction on Friday, August 17th. The shares were sold at an average price of $16.50, for a total value of $603,174.00. Following the completion of the sale, the insider now directly owns 170,721 shares in the company, valued at $2,816,896.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the companys stock in a transaction on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the companys stock, valued at $1,493,076. The disclosure for this sale can be found here. Insiders sold 1,278,189 shares of company stock valued at $20,242,001 over the last quarter. 1.18% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on HPE shares. UBS Group started coverage on Hewlett Packard Enterprise in a research report on Wednesday. They issued a hold rating and a $17.00 target price for the company. Zacks Investment Research downgraded Hewlett Packard Enterprise from a buy rating to a hold rating in a research report on Friday, August 31st. Raymond James cut their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an outperform rating for the company in a research report on Wednesday, August 29th. BMO Capital Markets cut their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set a market perform rating for the company in a research report on Wednesday, August 29th. Finally, Deutsche Bank increased their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a buy rating in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.68.
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