Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 14,953.2% during the second quarter, HoldingsChannel reports. The fund owned 23,189,645 shares of the technology company’s stock after buying an additional 23,035,594 shares during the period. Hewlett Packard Enterprise comprises about 1.1% of Pacer Advisors Inc.’s investment portfolio, making the stock its 10th largest position. Pacer Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $490,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HPE. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. Johnson Financial Group Inc. bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $35,000. Finally, American National Bank grew its stake in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $18.81 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $24.45 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The stock has a 50 day moving average of $18.69 and a 200-day moving average of $18.62.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Evercore ISI upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $21.08.

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.