Signaturefd LLC Purchases 2,528 Shares of Hewlett Packard Enterprise Co (NYSE:HPE)
Signaturefd LLC raised its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 20.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,881 shares of the technology company’s stock after acquiring an additional 2,528 shares during the period. Signaturefd LLC’s holdings in Hewlett Packard Enterprise were worth $222,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Intact Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $2,243,000. Truewealth LLC increased its position in shares of Hewlett Packard Enterprise by 72.7% during the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 309,693 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 3,893 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $428,000. Finally, GAM Holding AG acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $659,000. Hedge funds and other institutional investors own 81.42% of the company’s stock.
HPE has been the topic of several recent analyst reports. Barclays initiated coverage on Hewlett Packard Enterprise in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 price target on the stock. Nomura decreased their target price on Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Maxim Group set a $17.00 target price on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Friday, August 2nd. ValuEngine lowered Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.33.
HPE stock opened at $12.86 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.93 and a quick ratio of 0.80. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.26 and a beta of 1.58. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.59. The business’s 50 day simple moving average is $14.43.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The business had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, research analysts predict that Hewlett Packard Enterprise Co will post 1.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.112 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.45 annualized dividend and a yield of 3.48%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
Hewlett Packard Enterprise 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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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