Jefferies Group LLC Buys 189,344 Shares of Hewlett Packard Enterprise Co (HPE)

Jefferies Group LLC lifted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 91.6% during the third quarter, Holdings Channel reports. The fund owned 396,086 shares of the technology company’s stock after buying an additional 189,344 shares during the period. Jefferies Group LLC’s holdings in Hewlett Packard Enterprise were worth $6,460,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HPE. Personal Resources Investment & Strategic Management Inc. grew its holdings in Hewlett Packard Enterprise by 5.2% during the third quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 3,932 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Hewlett Packard Enterprise by 5.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 80,000 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 4,000 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in Hewlett Packard Enterprise by 33.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 16,000 shares of the technology company’s stock worth $261,000 after purchasing an additional 4,000 shares during the period. MML Investors Services LLC grew its holdings in Hewlett Packard Enterprise by 31.6% during the third quarter. MML Investors Services LLC now owns 16,662 shares of the technology company’s stock worth $272,000 after purchasing an additional 4,004 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in Hewlett Packard Enterprise by 44.0% during the second quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock worth $211,000 after purchasing an additional 4,419 shares during the period. 78.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HPE opened at $14.71 on Friday. Hewlett Packard Enterprise Co has a 12-month low of $14.22 and a 12-month high of $19.48. The company has a market cap of $23.58 billion, a PE ratio of 9.43, a PEG ratio of 0.93 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.84.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The company had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 30th. Raymond James reduced their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, August 29th. BMO Capital Markets reduced their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 29th. Maxim Group reiterated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, Deutsche Bank boosted their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $18.36.

In related news, CFO Timothy C. Stonesifer sold 479,142 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now directly owns 637,868 shares in the company, valued at $10,569,472.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 664,319 shares of company stock valued at $10,978,971. Corporate insiders own 1.18% of the company’s stock.

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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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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