Mather Group LLC. Buys New Stake in Hewlett Packard Enterprise (NYSE:HPE)

Mather Group LLC. bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,721 shares of the technology company’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Epoch Investment Partners Inc. acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $51,384,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $48,291,000. Bank of Nova Scotia raised its position in shares of Hewlett Packard Enterprise by 276.8% during the 3rd quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock worth $39,987,000 after purchasing an additional 1,691,083 shares during the last quarter. Citigroup Inc. raised its position in shares of Hewlett Packard Enterprise by 70.2% during the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after purchasing an additional 1,464,650 shares during the last quarter. Finally, DNB Asset Management AS raised its position in shares of Hewlett Packard Enterprise by 261.6% during the 4th quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock worth $34,222,000 after purchasing an additional 1,458,034 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HPE shares. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, Barclays upped their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.85.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of the company’s 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 transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gerri Gold sold 22,784 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,464 shares of company stock worth $3,160,866. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $20.92 on Friday. The firm has a 50 day simple moving average of $18.35 and a 200-day simple moving average of $17.16. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. 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 stock has a market cap of $27.19 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.15 and a beta of 1.18.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.49%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

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.