Ontario Teachers Pension Plan Board purchased a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 70,109 shares of the technology company’s stock, valued at approximately $1,024,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Spectrum Financial Alliance Ltd LLC purchased a new position in Hewlett Packard Enterprise in the first quarter valued at about $121,000. Summit Trail Advisors LLC boosted its stake in Hewlett Packard Enterprise by 1,771.8% in the first quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock valued at $121,000 after acquiring an additional 114,124 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after acquiring an additional 8,431 shares during the last quarter. Highlander Capital Management LLC purchased a new position in Hewlett Packard Enterprise in the first quarter valued at about $148,000. Finally, Farmers Trust Co. purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $150,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Raymond James dropped their price target on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 29th. BMO Capital Markets dropped their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 29th. Deutsche Bank upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Finally, Maxim Group restated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $17.30.

In related news, insider Antonio F. Neri sold 36,556 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $16.50, for a total transaction of $603,174.00. Following the sale, the insider now owns 170,721 shares of the company’s stock, valued at approximately $2,816,896.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 100,605 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $15.96, for a total transaction of $1,605,655.80. Following the sale, the senior vice president now directly owns 92,104 shares in the company, valued at approximately $1,469,979.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,830,825 shares of company stock worth $43,874,518 in the last ninety days. 1.18% of the stock is currently owned by insiders.

Hewlett Packard Enterprise stock opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.00. The company has a market cap of $24.41 billion, a P/E ratio of 17.21, a PEG ratio of 1.10 and a beta of 1.76. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprise’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. research analysts expect that Hewlett Packard Enterprise Co will post 1.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Wednesday, September 12th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Tuesday, September 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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