Twin Tree Management LP Purchases Shares of 55,803 Hewlett Packard Enterprise Co (HPE)

Twin Tree Management LP purchased a new position in Hewlett Packard Enterprise Co (NYSE:HPE) in the third quarter, Holdings Channel reports. The fund purchased 55,803 shares of the technology company’s stock, valued at approximately $910,000.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after buying an additional 8,431 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $137,000. Harfst & Associates Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth about $158,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth about $158,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Hewlett Packard Enterprise by 94.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock worth $171,000 after buying an additional 5,087 shares during the last quarter. 80.27% of the stock is owned by institutional investors.

Hewlett Packard Enterprise stock opened at $14.70 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.83 and a beta of 1.61. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, analysts expect that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 annualized dividend and a yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 46.88%.

Several research firms recently weighed in on HPE. ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets cut their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. UBS Group began coverage on Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price objective for the company. Finally, Deutsche Bank boosted their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $17.81.

In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 102,284 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the transaction, the insider now owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the transaction, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 664,319 shares of company stock valued at $10,978,971. Insiders own 1.18% of the company’s stock.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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