Oldfield Partners LLP increased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,575,509 shares of the technology company’s stock after acquiring an additional 3,765,500 shares during the quarter. Hewlett Packard Enterprise makes up approximately 10.4% of Oldfield Partners LLP’s holdings, making the stock its 4th biggest holding. Oldfield Partners LLP owned 0.60% of Hewlett Packard Enterprise worth $137,504,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Dodge & Cox increased its stake in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after purchasing an additional 25,852,541 shares during the period. Pzena Investment Management LLC increased its stake in shares of Hewlett Packard Enterprise by 69.7% in the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after purchasing an additional 15,431,606 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 19.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock valued at $1,183,932,000 after purchasing an additional 13,150,243 shares during the period. Schroder Investment Management Group increased its stake in shares of Hewlett Packard Enterprise by 71.0% in the third quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock valued at $181,763,000 after purchasing an additional 5,177,979 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $59,407,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
In related news, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $13.43, for a total value of $1,172,761.32. Following the completion of the transaction, the senior vice president now owns 24,846 shares of the company’s stock, valued at approximately $333,681.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henry Gomez sold 55,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now directly owns 45,004 shares of the company’s stock, valued at approximately $608,904.12. The disclosure for this sale can be found here. Insiders have sold 743,330 shares of company stock valued at $10,504,296 over the last 90 days. 0.87% of the stock is currently owned by insiders.
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) traded up $0.25 during trading hours on Wednesday, reaching $16.06. 5,646,717 shares of the company were exchanged, compared to its average volume of 11,006,500. The company has a market capitalization of $25,200.00 and a PE ratio of 64.24. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $24.88. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. research analysts predict that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current fiscal year.
Hewlett Packard Enterprise declared that its board has approved a share repurchase program on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.87%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 120.00%.
A number of research firms recently commented on HPE. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. Pivotal Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, October 17th. They set a “hold” rating and a $14.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, October 10th. Finally, Citigroup lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and raised their price objective for the company from $14.80 to $16.00 in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.04.
COPYRIGHT VIOLATION NOTICE: “Hewlett Packard Enterprise Co (HPE) Position Raised by Oldfield Partners LLP” was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.truebluetribune.com/2018/01/17/hewlett-packard-enterprise-co-hpe-position-raised-by-oldfield-partners-llp.html.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.