UMB Bank N A MO boosted its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 14,360 shares of the company’s stock after buying an additional 31 shares during the period. UMB Bank N A MO’s holdings in Hewlett Packard Enterprise were worth $263,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc RI raised its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock worth $103,000 after buying an additional 1,069 shares in the last quarter. CWM LLC raised its position in Hewlett Packard Enterprise by 43.4% in the second quarter. CWM LLC now owns 8,735 shares of the company’s stock worth $160,000 after buying an additional 2,644 shares in the last quarter. Oakworth Capital Inc. raised its position in Hewlett Packard Enterprise by 44.0% in the second quarter. Oakworth Capital Inc. now owns 9,818 shares of the company’s stock worth $181,000 after buying an additional 3,000 shares in the last quarter. Highland Capital Management LLC bought a new position in Hewlett Packard Enterprise during the second quarter worth about $205,000. Finally, Fulton Bank N.A. bought a new position in Hewlett Packard Enterprise during the second quarter worth about $217,000. 80.51% of the stock is currently owned by institutional investors.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 0.66% during mid-day trading on Friday, hitting $22.75. 16,210,077 shares of the stock traded hands. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.53. The company has a market cap of $37.89 billion and a price-to-earnings ratio of 9.49. The stock has a 50-day moving average of $22.09 and a 200-day moving average of $19.21.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The business earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. Hewlett Packard Enterprise’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
A number of research firms recently issued reports on HPE. Vetr lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $25.21 price target on the stock. in a report on Wednesday, September 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $24.50 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. BMO Capital Markets reissued an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 9th. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Thursday, September 8th. Finally, Brean Capital restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.03.
In related news, EVP John F. Schultz sold 316,164 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $22.84, for a total transaction of $7,221,185.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total transaction of $169,767.18. Following the sale, the executive vice president now directly owns 18,033 shares of the company’s stock, valued at $355,069.77. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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