4,500 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by nVerses Capital LLC

nVerses Capital LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the technology company’s stock, valued at approximately $92,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares during the period. Pacer Advisors Inc. lifted its holdings in Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hewlett Packard Enterprise by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after purchasing an additional 822,722 shares during the period. Legal & General Group Plc lifted its holdings in Hewlett Packard Enterprise by 3.8% in the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after purchasing an additional 617,691 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Hewlett Packard Enterprise by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after purchasing an additional 237,321 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HPE shares. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target for the company. Susquehanna reissued a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.46.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $20.69 on Monday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a 50-day moving average of $19.11 and a two-hundred day moving average of $19.01. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company’s stock, valued at approximately $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is owned by corporate insiders.

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.