Hewlett Packard Enterprise Company $HPE Shares Purchased by Lakewood Asset Management LLC

Lakewood Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 140,851 shares of the technology company’s stock after purchasing an additional 1,838 shares during the quarter. Hewlett Packard Enterprise comprises about 1.9% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Lakewood Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. National Bank of Canada FI increased its stake in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock valued at $180,599,000 after buying an additional 8,607,523 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock valued at $193,078,000 after buying an additional 3,922,516 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after buying an additional 2,373,850 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 0.8%

Shares of Hewlett Packard Enterprise stock opened at $24.01 on Friday. The business’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $18.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market capitalization of $31.68 billion, a P/E ratio of 29.28, a PEG ratio of 2.47 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.36.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.2%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HPE shares. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. assumed coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 target price on the stock. Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Citigroup increased their target price on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.81.

Insiders Place Their Bets

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the transaction, the chief executive officer owned 1,585,726 shares in the company, valued at $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 573,738 shares of company stock worth $13,539,132 over the last 90 days. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Profile

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