Thompson Investment Management Inc. Buys 8,550 Shares of Hewlett Packard Enterprise Company (HPE)
Thompson Investment Management Inc. grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 29.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,620 shares of the technology company’s stock after purchasing an additional 8,550 shares during the period. Thompson Investment Management Inc.’s holdings in Hewlett Packard Enterprise were worth $553,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dodge & Cox grew its holdings in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after acquiring an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after acquiring an additional 1,508,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after acquiring an additional 16,592,308 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 69.7% in the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after acquiring an additional 15,431,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hewlett Packard Enterprise by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock valued at $321,088,000 after acquiring an additional 779,447 shares in the last quarter. 81.96% of the stock is owned by hedge funds and other institutional investors.
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In related news, EVP Henry Gomez sold 494,360 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the transaction, the chief executive officer now directly owns 1,514,639 shares in the company, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. In the last three months, insiders sold 2,920,273 shares of company stock worth $41,288,784. 0.87% of the stock is owned by insiders.
HPE has been the subject of several recent analyst reports. Deutsche Bank AG reduced their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $15.00 target price (down from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, UBS AG downgraded Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $17.49.
Hewlett Packard Enterprise Company (HPE) traded up $0.11 during trading on Friday, hitting $13.27. 14,822,100 shares of the stock traded hands, compared to its average volume of 12,092,328. The company has a market capitalization of $21,312.15, a PE ratio of 8.12, a P/E/G ratio of 1.69 and a beta of 2.59. Hewlett Packard Enterprise Company has a 52-week low of $12.97 and a 52-week high of $24.88. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio is currently 371.48%.
Hewlett Packard Enterprise declared that its board has approved a share buyback plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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