First Trust Advisors LP grew its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,603,281 shares of the technology companys stock after purchasing an additional 1,250,834 shares during the quarter. First Trust Advisors LP owned about 0.57% of Hewlett Packard Enterprise worth $125,694,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Spectrum Financial Alliance Ltd LLC acquired a new position in Hewlett Packard Enterprise in the first quarter worth $121,000. Summit Trail Advisors LLC boosted its stake in Hewlett Packard Enterprise by 1,771.8% in the first quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology companys stock worth $121,000 after purchasing an additional 114,124 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology companys stock worth $124,000 after purchasing an additional 8,431 shares in the last quarter. Highlander Capital Management LLC acquired a new position in Hewlett Packard Enterprise in the first quarter worth $148,000. Finally, Farmers Trust Co. acquired a new position in Hewlett Packard Enterprise in the second quarter worth $150,000. 81.53% of the stock is currently owned by institutional investors.
In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 49,028 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $17.57, for a total value of $861,421.96. Following the transaction, the insider now owns 95,429 shares of the companys stock, valued at $1,676,687.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 138,593 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $15.92, for a total value of $2,206,400.56. Following the completion of the sale, the chief executive officer now owns 259,157 shares of the companys stock, valued at $4,125,779.44. The disclosure for this sale can be found here. Insiders sold 5,874,350 shares of company stock worth $92,759,246 in the last three months. Insiders own 1.18% of the companys stock.
A number of research firms have commented on HPE. OTR Global raised Hewlett Packard Enterprise to a positive rating in a research note on Thursday, May 17th. Zacks Investment Research raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research note on Monday, April 16th. Barclays reissued a sell rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, May 23rd. Pivotal Research reaffirmed a hold rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, May 23rd. Finally, Maxim Group reaffirmed a hold rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the companys stock. The stock presently has a consensus rating of Hold and an average price target of $17.05.
NYSE:HPE traded up $0.33 during mid-day trading on Tuesday, hitting $15.99. The company had a trading volume of 5,182,700 shares, compared to its average volume of 11,565,990. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.48. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.18 and a beta of 1.75.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, May 22nd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The firm had revenue of $7.47 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The companys quarterly revenue was up 9.7% on a year-over-year basis. sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 12th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 11th. Hewlett Packard Enterprises payout ratio is 46.88%.
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