Symmetry Investments LP Buys Shares of 102,646 Hewlett Packard Enterprise (NYSE:HPE)

Symmetry Investments LP purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 102,646 shares of the technology company’s stock, valued at approximately $2,173,000.

Other hedge funds also recently made changes to their positions in the company. Capital Investment Counsel Inc boosted its position in Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. grew its position in Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after acquiring an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares during the period. Bailard Inc. lifted its position in Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock valued at $748,000 after purchasing an additional 580 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in shares of Hewlett Packard Enterprise by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock valued at $2,527,000 after purchasing an additional 598 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 0.2 %

NYSE:HPE opened at $18.81 on Friday. The firm has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $18.62. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The firm has a market cap of $24.45 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.76%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on HPE shares. Evercore ISI increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Barclays boosted their target price on 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. Finally, StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.08.

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.