Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 23,583 shares of the technology company’s stock after purchasing an additional 581 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Hewlett Packard Enterprise were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

HPE has been the subject of a number of recent research reports. Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Susquehanna restated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $21.36.

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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at $163,191. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.2 %

Shares of NYSE HPE opened at $20.69 on Friday. The stock has a market capitalization of $26.89 billion, a PE ratio of 15.10, a P/E/G ratio of 3.38 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $19.11 and a 200-day moving average of $19.01. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during 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%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.51%. Hewlett Packard Enterprise’s payout ratio 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.