20,277 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by TCW Group Inc.

TCW Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,277 shares of the technology company’s stock, valued at approximately $348,000.

A number of other institutional investors also recently modified their holdings of HPE. Nomura Asset Management Co. Ltd. lifted its position in Hewlett Packard Enterprise by 3.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 371,284 shares of the technology company’s stock worth $6,449,000 after acquiring an additional 13,420 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Hewlett Packard Enterprise by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 490,788 shares of the technology company’s stock valued at $8,527,000 after buying an additional 17,489 shares during the last quarter. NBC Securities Inc. bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $52,000. Ieq Capital LLC lifted its holdings in shares of Hewlett Packard Enterprise by 20.6% during the third quarter. Ieq Capital LLC now owns 44,182 shares of the technology company’s stock worth $767,000 after buying an additional 7,534 shares during the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Hewlett Packard Enterprise by 26.0% during the third quarter. HM Payson & Co. now owns 8,161 shares of the technology company’s stock worth $142,000 after buying an additional 1,682 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $18.41 on Monday. Hewlett Packard Enterprise has a 52-week low of $13.79 and a 52-week high of $20.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The stock has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $16.62. The firm has a market capitalization of $23.93 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.41 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.82%. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Evercore ISI decreased their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Barclays reduced their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.91.

Get Our Latest Stock Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Company Profile

(Free Report)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

See Also

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

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