Migdal Insurance & Financial Holdings Ltd. Purchases 18,716 Shares of Hewlett Packard Enterprise Co (HPE)

Migdal Insurance & Financial Holdings Ltd. raised its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 220.7% during the third quarter, HoldingsChannel reports. The firm owned 27,198 shares of the technology company’s stock after buying an additional 18,716 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Hewlett Packard Enterprise were worth $444,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $158,000. Brown Advisory Inc. lifted its holdings in Hewlett Packard Enterprise by 32.8% in the 2nd quarter. Brown Advisory Inc. now owns 18,217 shares of the technology company’s stock valued at $266,000 after purchasing an additional 4,502 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 761,962 shares of the technology company’s stock valued at $11,132,000 after purchasing an additional 19,182 shares in the last quarter. First Trust Advisors LP lifted its holdings in Hewlett Packard Enterprise by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 8,603,281 shares of the technology company’s stock valued at $125,694,000 after purchasing an additional 1,250,834 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $2,452,000. Institutional investors own 80.27% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Tuesday, November 13th. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Tuesday. Maxim Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. BMO Capital Markets dropped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 29th. Finally, Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.43.

In related news, insider Keerti Melkote sold 102,284 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the sale, the insider now directly owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The disclosure for this sale can be found here. In the last three months, insiders have sold 664,319 shares of company stock valued at $10,978,971. Corporate insiders own 1.18% of the company’s stock.

NYSE HPE opened at $14.70 on Friday. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $19.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. The stock has a market cap of $21.63 billion, a PE ratio of 15.31, a P/E/G ratio of 0.84 and a beta of 1.61.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

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About Hewlett Packard Enterprise

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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