Fisher Asset Management LLC Has $55,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Fisher Asset Management LLC lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 605.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,251 shares of the technology company’s stock after acquiring an additional 2,790 shares during the period. Fisher Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EP Wealth Advisors LLC boosted its stake in Hewlett Packard Enterprise by 53.4% during the fourth quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company’s stock worth $557,000 after buying an additional 11,420 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Hewlett Packard Enterprise by 25.2% during the fourth quarter. V Square Quantitative Management LLC now owns 28,571 shares of the technology company’s stock worth $485,000 after buying an additional 5,751 shares in the last quarter. Brevan Howard Capital Management LP boosted its stake in Hewlett Packard Enterprise by 1,103.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 151,578 shares of the technology company’s stock worth $2,574,000 after buying an additional 138,985 shares in the last quarter. Point72 Europe London LLP acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $2,642,000. Finally, Ethic Inc. boosted its stake in shares of Hewlett Packard Enterprise by 11.9% in the 4th quarter. Ethic Inc. now owns 348,753 shares of the technology company’s stock valued at $5,922,000 after purchasing an additional 37,194 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $20.91 on Thursday. The stock has a market capitalization of $27.17 billion, a P/E ratio of 15.26, a P/E/G ratio of 3.05 and a beta of 1.18. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $18.49 and a two-hundred day moving average price of $17.24.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. Equities analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.49%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,464 shares of company stock worth $3,160,866. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Susquehanna boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $20.85.

Hewlett Packard Enterprise Company Profile

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.