Los Angeles Capital Management & Equity Research Inc. Has $205,000 Holdings in Hewlett Packard Enterprise Company (HPE)

Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 96.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,939 shares of the technology company’s stock after selling 415,448 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Hewlett Packard Enterprise were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HPE. Dodge & Cox grew its holdings in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 69.7% in the 3rd quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after purchasing an additional 15,431,606 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 145.3% in the 2nd quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after purchasing an additional 6,081,628 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Hewlett Packard Enterprise by 40.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,073,920 shares of the technology company’s stock worth $250,075,000 after purchasing an additional 4,339,462 shares during the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on HPE shares. Barclays reaffirmed a “sell” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. Loop Capital started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.86.

Hewlett Packard Enterprise Company (NYSE HPE) traded down $0.03 during trading on Wednesday, reaching $14.05. 1,870,524 shares of the company’s stock were exchanged, compared to its average volume of 12,276,362. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Company has a 52 week low of $12.81 and a 52 week high of $24.88. The firm has a market cap of $22,696.85, a P/E ratio of 10.95, a PEG ratio of 2.40 and a beta of 2.48.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. research analysts expect that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.14%. Hewlett Packard Enterprise’s dividend payout ratio is presently 123.82%.

Hewlett Packard Enterprise announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the transaction, the executive vice president now directly owns 494,360 shares in the company, valued at approximately $7,351,133.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alan Richard May sold 42,314 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total transaction of $592,396.00. Following the transaction, the executive vice president now owns 84,629 shares in the company, valued at $1,184,806. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,962,587 shares of company stock worth $41,881,180. Corporate insiders own 0.87% of the company’s stock.

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

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