National Pension Service Purchases 472,885 Shares of Hewlett Packard Enterprise (NYSE:HPE)

National Pension Service lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 17.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,202,752 shares of the technology company’s stock after buying an additional 472,885 shares during the quarter. National Pension Service’s holdings in Hewlett Packard Enterprise were worth $65,528,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital Investment Counsel Inc increased its position in shares of Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after purchasing an additional 500 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Hewlett Packard Enterprise by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after buying an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Hewlett Packard Enterprise by 0.5% in the second 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 in the last quarter. Bailard Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.7% during the second 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 holdings in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after acquiring an additional 581 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

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

Hewlett Packard Enterprise Trading Down 0.0 %

Shares of HPE stock opened at $20.00 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock’s fifty day moving average is $19.41 and its two-hundred day moving average is $19.20. The firm has a market capitalization of $25.97 billion, a P/E ratio of 14.29, a PEG ratio of 3.45 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.