525,000 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Tairen Capital Ltd

Tairen Capital Ltd bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 525,000 shares of the technology company’s stock, valued at approximately $11,114,000. Hewlett Packard Enterprise accounts for 0.4% of Tairen Capital Ltd’s portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. Johnson Financial Group Inc. purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $35,000. Finally, American National Bank boosted its holdings in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HPE shares. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.08.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction 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 filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $18.81 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The firm has a market capitalization of $24.45 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The stock’s 50-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 quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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. This represents a $0.52 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

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.