Gabelli Funds LLC Has $15.58 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Gabelli Funds LLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 736,000 shares of the technology company’s stock after selling 11,500 shares during the quarter. Gabelli Funds LLC owned approximately 0.06% of Hewlett Packard Enterprise worth $15,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after purchasing an additional 517,734 shares during the period. Sei Investments Co. lifted its stake in Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after acquiring an additional 475,397 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Hewlett Packard Enterprise by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after purchasing an additional 196,112 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $931,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $18.84 on Tuesday. 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’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $18.63. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders 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 dividend yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,395,037. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent research reports. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Evercore ISI raised 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 note on Wednesday, June 5th. Wells Fargo & Company raised their target price on shares of 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. Sanford C. Bernstein raised their price target 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, Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Monday. They set a “neutral” rating and a $20.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

About Hewlett Packard Enterprise

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.