Kesler Norman & Wride LLC Acquires Shares of 21,122 Hewlett Packard Enterprise (NYSE:HPE)

Kesler Norman & Wride LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,122 shares of the technology company’s stock, valued at approximately $432,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after buying an additional 23,035,594 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hewlett Packard Enterprise by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after buying an additional 822,722 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Hewlett Packard Enterprise by 3.8% in the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after buying an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hewlett Packard Enterprise by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock valued at $200,776,000 after purchasing an additional 237,321 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $20.97 on Wednesday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19. The company has a fifty day moving average of $18.61 and a 200-day moving average of $18.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.67 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.48%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,242 shares of company stock worth $3,253,947 in the last three months. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price for the company. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.31.

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.