Point View Wealth Management Inc. raised its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,095 shares of the technology company’s stock after purchasing an additional 8,846 shares during the quarter. Point View Wealth Management Inc.’s holdings in Hewlett Packard Enterprise were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. WFG Advisors LP lifted its position in Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC lifted its position in Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares during the last quarter. Newman Dignan & Sheerar Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $207,000. FormulaFolio Investments LLC bought a new position in Hewlett Packard Enterprise during the third quarter valued at $148,000. Finally, BB&T Securities LLC bought a new position in Hewlett Packard Enterprise during the third quarter valued at $156,000. Institutional investors and hedge funds own 83.05% of the company’s stock.
Hewlett Packard Enterprise Co (NYSE HPE) opened at $16.15 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market cap of $24,657.42, a PE ratio of 76.91, a price-to-earnings-growth ratio of 2.60 and a beta of 2.50. Hewlett Packard Enterprise Co has a 12-month low of $12.81 and a 12-month high of $24.88.
Hewlett Packard Enterprise declared that its Board of Directors has initiated a share repurchase program 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 programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 142.86%.
In other news, EVP Alan Richard May sold 50,158 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $15.50, for a total value of $777,449.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Gomez sold 805,214 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total transaction of $13,350,448.12. Following the completion of the transaction, the executive vice president now directly owns 363,278 shares in the company, valued at approximately $6,023,149.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,407,123 shares of company stock worth $22,389,810 in the last three months. Insiders own 0.87% of the company’s stock.
Several equities analysts have commented on HPE shares. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. UBS Group lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $15.00 in a report on Friday, October 20th. Robert W. Baird restated a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. 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. Finally, Royal Bank of Canada restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.16.
Hewlett Packard Enterprise 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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