Contour Asset Management LLC acquired a new stake in Hewlett Packard Enterprise Co (NYSE:HPE) during the 4th quarter, HoldingsChannel reports. The firm acquired 105,520 shares of the technology company’s stock, valued at approximately $1,515,000. Hewlett Packard Enterprise makes up 0.1% of Contour Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding.
Other institutional investors also recently added to or reduced their stakes in the company. Newman Dignan & Sheerar Inc. acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $207,000. BB&T Securities LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $156,000. Daiwa SB Investments Ltd. acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $156,000. Clear Harbor Asset Management LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $158,000. Finally, Empirical Financial Services LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $159,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.
Shares of Hewlett Packard Enterprise Co (NYSE HPE) opened at $19.16 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.06. The stock has a market cap of $30,023.72, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.61 and a beta of 1.82. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.48.
Hewlett Packard Enterprise announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is currently 31.91%.
In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 805,214 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the sale, the executive vice president now directly owns 363,278 shares of the company’s stock, valued at approximately $6,023,149.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alan Richard May sold 7,607 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94. Following the completion of the sale, the executive vice president now directly owns 100,079 shares of the company’s stock, valued at $1,443,139.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,217,072 shares of company stock valued at $37,963,432. 1.18% of the stock is owned by insiders.
Several research analysts have weighed in on the stock. Sanford C. Bernstein reiterated a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research note on Friday, March 2nd. They issued a “neutral” rating and a $21.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Hewlett Packard Enterprise from $14.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, February 23rd. UBS Group reiterated a “neutral” rating and issued a $19.00 price objective (up previously from $15.00) on shares of Hewlett Packard Enterprise in a research note on Friday, February 23rd. Finally, Oppenheimer reissued a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.46.
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Hewlett Packard Enterprise 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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