QRG Capital Management Inc. Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

QRG Capital Management Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 30.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,116 shares of the technology company’s stock after purchasing an additional 78,221 shares during the period. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $6,897,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc increased its stake in Hewlett Packard Enterprise by 1.2% in the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after acquiring an additional 500 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after acquiring an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after acquiring an additional 536 shares during the last quarter. Bailard Inc. increased its stake in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after acquiring an additional 580 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management increased its stake in Hewlett Packard Enterprise by 2.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after acquiring an additional 581 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 in the last three months. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on HPE shares. Citigroup started coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective on the stock. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Loop Capital boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Nine 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 company currently has an average rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Price Performance

HPE opened at $20.00 on Wednesday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock has a market cap of $25.97 billion, a P/E ratio of 14.29, a PEG ratio of 3.45 and a beta of 1.19. The business has a fifty day moving average of $19.41 and a 200 day moving average of $19.20. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.14%.

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.