SG Americas Securities LLC increases its position in Hewlett Packard Enterprise (NYSE:HPE)

SG Americas Securities LLC boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 35.3% in the second quarter, HoldingsChannel reports. The firm owned 645,593 shares of the technology company’s stock after buying an additional 168,337 shares during the period. SG Americas Securities LLC’s holdings in Hewlett Packard Enterprise were worth $13,667,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hewlett Packard Enterprise by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after acquired an additional 695,038 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock worth $152,559,000 after purchasing an additional 83,037 shares in the last quarter. abrdn plc boosted its position in shares of Hewlett Packard Enterprise by 12.6% in the fourth quarter. abrdn plc now owns 5,048,253 shares of the technology company’s stock worth $85,719,000 after buying an additional 566,512 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after purchasing an additional 517,734 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s shares.

Analysts set new price targets

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein boosted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, June 7th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.08.

See Hewlett Packard Enterprise’s latest stock report

Indoor activity

In related news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. In related news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock worth $2,850,108 over the last 90 days. 0.40% of shares are currently held by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.03 during trading on Friday, reaching $17.34. The company had a trading volume of 7,352,755 shares, compared to its average volume of 15,383,503. The company has a 50-day moving average of $20.18 and a 200-day moving average of $18.03. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.59, and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report ) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the business posted EPS of $0.32. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were paid a $0.13 dividend. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

About Hewlett Packard Enterprise

(Free report)

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

Further reading

Want to see what other hedge funds own HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Hewlett Packard Enterprise (NYSE:HPE – Free Report).

Get news and reviews for Hewlett Packard Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com ‘s FREE daily email newsletter.