Lombard Odier Asset Management Europe Ltd Takes $1.90 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 89,611 shares of the technology company’s stock, valued at approximately $1,897,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HPE. Brown Advisory Inc. raised its position in shares of Hewlett Packard Enterprise by 10.3% during the fourth quarter. Brown Advisory Inc. now owns 16,915 shares of the technology company’s stock valued at $287,000 after buying an additional 1,576 shares during the last quarter. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $48,291,000. Wells Fargo & Company MN raised its position in shares of Hewlett Packard Enterprise by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,317,516 shares of the technology company’s stock valued at $22,371,000 after buying an additional 51,311 shares during the last quarter. Commerce Bank raised its position in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Commerce Bank now owns 57,274 shares of the technology company’s stock valued at $973,000 after buying an additional 1,126 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $348,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.2 %

NYSE HPE opened at $18.84 on Tuesday. The company’s 50-day moving average price is $18.64 and its 200-day moving average price is $18.63. 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 stock has a market cap of $24.49 billion, a PE ratio of 13.75, a PEG 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.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results 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 for 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 business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. Equities research analysts forecast 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 will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HPE shares. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Barclays upped their price target on shares of 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. Evercore ISI upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

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.