Westwood Holdings Group Inc. Makes New $9.04 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Westwood Holdings Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 427,184 shares of the technology company’s stock, valued at approximately $9,043,000.

Several other institutional investors also recently modified their holdings of HPE. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 14,953.2% in the 2nd 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 in the last quarter. Trust Investment Advisors bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $210,000. Leuthold Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $226,000. Kendall Capital Management raised its holdings in Hewlett Packard Enterprise by 15.6% in the 2nd quarter. Kendall Capital Management now owns 185,320 shares of the technology company’s stock worth $3,923,000 after acquiring an additional 25,030 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $3,492,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction 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. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.2 %

Shares of Hewlett Packard Enterprise stock opened at $18.81 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $24.45 billion, a PE ratio of 13.73, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company’s fifty day simple moving average is $18.69 and its 200-day simple moving average is $18.62.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is 37.96%.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent analyst reports. UBS Group boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Evercore ISI increased 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 report on Wednesday, June 5th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $21.08.

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.