Oldfield Partners LLP boosted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 64.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,575,509 shares of the technology company’s stock after buying an additional 3,765,500 shares during the quarter. Hewlett Packard Enterprise makes up about 10.4% of Oldfield Partners LLP’s holdings, making the stock its 4th biggest position. Oldfield Partners LLP’s holdings in Hewlett Packard Enterprise were worth $137,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Eaton Vance Management raised its holdings in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Eaton Vance Management now owns 119,482 shares of the technology company’s stock valued at $1,982,000 after purchasing an additional 586 shares in the last quarter. Investment Centers of America Inc. bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $279,000. Profund Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 12.6% during the 2nd quarter. Profund Advisors LLC now owns 52,347 shares of the technology company’s stock valued at $868,000 after purchasing an additional 5,877 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 8.7% during the 2nd quarter. ProShare Advisors LLC now owns 189,982 shares of the technology company’s stock valued at $3,152,000 after purchasing an additional 15,160 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 63,511 shares of the technology company’s stock valued at $1,053,000 after purchasing an additional 1,620 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Hewlett Packard Enterprise Co (NYSE:HPE) traded up $0.25 during midday trading on Wednesday, reaching $16.06. 5,646,717 shares of the company’s stock traded hands, compared to its average volume of 11,006,500. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The firm has a market cap of $25,200.00 and a price-to-earnings ratio of 64.24. Hewlett Packard Enterprise Co has a 52 week low of $12.81 and a 52 week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. sell-side analysts forecast that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current year.

Hewlett Packard Enterprise announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.87%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 120.00%.

In other news, CFO Timothy C. Stonesifer sold 56,170 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the sale, the chief financial officer now directly owns 177,634 shares in the company, valued at approximately $2,449,572.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 235,050 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $13.81, for a total transaction of $3,246,040.50. Following the sale, the chief executive officer now owns 980,346 shares in the company, valued at $13,538,578.26. The disclosure for this sale can be found here. Insiders sold a total of 743,330 shares of company stock worth $10,504,296 over the last 90 days. Company insiders own 0.87% of the company’s stock.

HPE has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. UBS Group downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, October 20th. Wells Fargo & Co initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 target price on the stock. Gabelli reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.04.

COPYRIGHT VIOLATION NOTICE: “Oldfield Partners LLP Has $137.50 Million Holdings in Hewlett Packard Enterprise Co (HPE)” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/01/17/oldfield-partners-llp-has-137-50-million-holdings-in-hewlett-packard-enterprise-co-hpe.html.

About Hewlett Packard Enterprise

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).

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.