Los Angeles Capital Management LLC Invests $360,000 in Hewlett Packard Enterprise (NYSE:HPE)

Los Angeles Capital Management LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,007 shares of the technology company’s stock, valued at approximately $360,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc grew its holdings in Hewlett Packard Enterprise by 1.2% in the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after acquiring an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after acquiring an additional 536 shares in the last quarter. Bailard Inc. raised its position in Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after acquiring an additional 580 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 10.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock valued at $116,000 after purchasing an additional 626 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HPE. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, June 7th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Finally, Evercore ISI raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.83.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $17.15 on Friday. The firm has a fifty day moving average of $18.98 and a 200-day moving average of $18.55. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $22.27 billion, a P/E ratio of 12.52, a PEG ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Hewlett Packard Enterprise 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.