Parallel Advisors LLC raised its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 19.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,299 shares of the technology company’s stock after purchasing an additional 2,203 shares during the quarter. Parallel Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Mercantile Trust Co. grew its holdings in Hewlett Packard Enterprise by 9.3% during the 3rd quarter. First Mercantile Trust Co. now owns 8,108 shares of the technology company’s stock valued at $123,000 after buying an additional 688 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Hewlett Packard Enterprise by 1.1% in the 2nd quarter. Keybank National Association OH now owns 68,230 shares of the technology company’s stock worth $1,020,000 after purchasing an additional 710 shares during the period. Farmers Trust Co. boosted its holdings in shares of Hewlett Packard Enterprise by 7.5% in the 3rd quarter. Farmers Trust Co. now owns 10,760 shares of the technology company’s stock worth $164,000 after purchasing an additional 749 shares during the period. MML Investors Services LLC boosted its holdings in shares of Hewlett Packard Enterprise by 4.4% in the 2nd quarter. MML Investors Services LLC now owns 19,580 shares of the technology company’s stock worth $293,000 after purchasing an additional 832 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1.1% in the 3rd quarter. LS Investment Advisors LLC now owns 79,889 shares of the technology company’s stock worth $1,212,000 after purchasing an additional 855 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Shares of HPE stock traded up $0.25 on Friday, reaching $17.43. 5,848,045 shares of the company’s stock were exchanged, compared to its average volume of 9,988,734. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.44. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $21.97 billion, a PE ratio of 11.17, a P/E/G ratio of 1.24 and a beta of 1.61. The company’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $14.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The firm had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $0.44 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a dividend of $0.12 per share. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, December 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 28.85%.

A number of equities analysts have recently commented on HPE shares. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, October 16th. Susquehanna Bancshares set a $15.00 target price on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 target price for the company. in a report on Friday, November 1st. They noted that the move was a valuation call. ValuEngine upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. Finally, Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, August 29th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.82.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,436 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total transaction of $237,171.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 49,635 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.19, for a total value of $753,955.65. Following the sale, the chief executive officer now directly owns 29,602 shares of the company’s stock, valued at $449,654.38. The disclosure for this sale can be found here. Insiders have sold a total of 519,526 shares of company stock valued at $8,284,389 over the last three months. 0.56% of the stock is owned by corporate insiders.

About Hewlett Packard Enterprise

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

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