First Midwest Bank Trust Division bought a new stake in Hewlett Packard Enterprise Co. (NYSE:HPE) during the third quarter, Holdings Channel reports. The fund bought 75,355 shares of the company’s stock, valued at approximately $1,715,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in shares of Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock valued at $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock valued at $85,584,000 after buying an additional 3,458,745 shares in the last quarter. MD Sass Investors Services Inc. acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $55,797,000. Emerald Acquisition Ltd. acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $54,050,000. Finally, Brenner West Capital Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $51,412,000. 78.37% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 1.71% during trading on Tuesday, hitting $23.74. 14,084,493 shares of the stock traded hands. The company has a 50 day moving average price of $22.48 and a 200 day moving average price of $20.79. The firm has a market cap of $39.54 billion and a price-to-earnings ratio of 9.90. Hewlett Packard Enterprise Co. has a 12 month low of $11.62 and a 12 month high of $23.90.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise Co. will post $2.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 12.02%.

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HPE has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a research note on Friday. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 19th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, November 7th. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.80.

In related news, EVP Michael G. Nefkens sold 107,500 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total transaction of $2,365,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F. Schultz sold 12,555 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $23.46, for a total transaction of $294,540.30. Following the transaction, the executive vice president now directly owns 79,447 shares in the company, valued at approximately $1,863,826.62. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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