Elo Mutual Pension Insurance Co Buys 598 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Elo Mutual Pension Insurance Co boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,347 shares of the technology company’s stock after purchasing an additional 598 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Hewlett Packard Enterprise were worth $2,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. Rise Advisors LLC raised its position in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $28,000. Johnson Financial Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $35,000. Finally, American National Bank increased its stake in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective 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. UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Argus upgraded shares of 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. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.08.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $18.85 on Friday. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a 50-day simple moving average of $18.74 and a 200 day simple moving average of $18.61.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 19th. 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.