Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 195,300 shares of the technology company’s stock after buying an additional 20,661 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Hewlett Packard Enterprise were worth $4,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Hewlett Packard Enterprise by 7.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 50,691 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 3,295 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Hewlett Packard Enterprise by 7.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 229,365 shares of the technology company’s stock valued at $4,853,000 after acquiring an additional 16,837 shares in the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 42.6% in the second quarter. E Fund Management Co. Ltd. now owns 15,078 shares of the technology company’s stock valued at $319,000 after purchasing an additional 4,502 shares during the last quarter. Wulff Hansen & CO. grew its holdings in Hewlett Packard Enterprise by 1,957.0% in the 2nd quarter. Wulff Hansen & CO. now owns 236,024 shares of the technology company’s stock valued at $4,997,000 after buying an additional 224,550 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $237,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $18.85 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock has a market capitalization of $24.50 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company’s fifty day moving average is $18.74 and its two-hundred day moving average is $18.61.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 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 Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.76%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HPE has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.08.

About Hewlett Packard Enterprise

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.