Kapitalo Investimentos Ltda Takes $90,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Kapitalo Investimentos Ltda acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,303 shares of the technology company’s stock, valued at approximately $90,000.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 32.2% during the third quarter. HighTower Advisors LLC now owns 130,124 shares of the technology company’s stock worth $2,259,000 after buying an additional 31,658 shares during the period. FMR LLC grew its stake in shares of Hewlett Packard Enterprise by 7.7% in the third quarter. FMR LLC now owns 986,793 shares of the technology company’s stock worth $17,141,000 after purchasing an additional 70,322 shares in the last quarter. CI Investments Inc. increased its holdings in shares of Hewlett Packard Enterprise by 258.2% during the third quarter. CI Investments Inc. now owns 12,908 shares of the technology company’s stock valued at $224,000 after purchasing an additional 9,304 shares during the period. Rathbones Group PLC raised its stake in shares of Hewlett Packard Enterprise by 198.1% during the third quarter. Rathbones Group PLC now owns 30,405 shares of the technology company’s stock valued at $528,000 after purchasing an additional 20,205 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Hewlett Packard Enterprise in the third quarter worth about $355,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on HPE shares. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.69.

Hewlett Packard Enterprise Stock Up 1.4 %

HPE stock opened at $21.84 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The firm has a market capitalization of $28.38 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.12 and a beta of 1.18. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company’s 50 day simple moving average is $18.21 and its 200-day simple moving average is $17.10.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 158,464 shares of company stock valued at $3,160,866 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Company 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.