American Century Companies Inc. Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

American Century Companies Inc. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 424.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,447,101 shares of the technology company’s stock after purchasing an additional 1,171,141 shares during the quarter. American Century Companies Inc. owned 0.11% of Hewlett Packard Enterprise worth $30,635,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HPE. Principal Securities Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $57,000. Brown Advisory Inc. increased its stake in Hewlett Packard Enterprise by 10.3% during the fourth quarter. Brown Advisory Inc. now owns 16,915 shares of the technology company’s stock worth $287,000 after acquiring an additional 1,576 shares during the last quarter. Norges Bank purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $48,291,000. Wells Fargo & Company MN lifted its stake in shares of Hewlett Packard Enterprise by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,317,516 shares of the technology company’s stock valued at $22,371,000 after purchasing an additional 51,311 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $411,000. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HPE shares. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Stifel Nicolaus lifted 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 note on Wednesday, June 5th. Evercore ISI increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.08.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $18.30 on Thursday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $18.78 and a two-hundred day simple moving average of $18.60. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released 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. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.84%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

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.