Bessemer Group Inc. has acquired $722,000 worth of shares in Hewlett Packard Enterprise (NYSE:HPE)

Bessemer Group Inc. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company owned 40,786 shares of the technology company after buying an additional 4,154 shares during the period. Bessemer Group Inc.’s stake in Hewlett Packard Enterprise was worth $722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares during the period. Montgomery Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after purchasing an additional 700 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.9% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock worth $455,000 after purchasing an additional 714 shares in the last quarter. Cozad Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 0.5% in the first quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock worth $2,575,000 after purchasing an additional 756 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 31.2% in the fourth quarter. Addison Advisors LLC now owns 3,366 shares of the technology company’s stock worth $57,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders place their bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In other news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11. The shares were sold at an average price of $20.49, for a total transaction value of $628,756.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. Insiders sold 140,141 shares of the company’s stock worth $2,850,108 in the last three months. 0.40% of the stock is currently held by corporate insiders.

Changes in analyst ratings

HPE has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Evercore ISI increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Barclays increased their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Eight equities analysts have rated the stock with a hold rating and five have given the company a buy rating. The company currently has an average rating of “Hold” and a consensus price target of $21.08, according to data from MarketBeat.com.

Get our latest analysis on HPE

Hewlett Packard Enterprise stock price

Shares of NYSE HPE opened at $19.76 on Friday. The company has a 50-day simple moving average of $20.19 and a 200-day simple moving average of $17.85. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.81 and a beta of 1.19. Hewlett Packard Enterprise has a one-year low of $14.47 and a one-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its earnings results on Tuesday, June 4. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s revenue increased 3.3% year over year. During the same period a year ago, the company reported $0.32 EPS. Sell-side analysts expect Hewlett Packard Enterprise to report 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were paid a dividend of $0.13. The ex-dividend date for this dividend was Tuesday, June 18th. This represents an annualized dividend payment of $0.52 and a dividend yield of 2.63%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

About Hewlett Packard Enterprise

(Free Report)

Hewlett Packard Enterprise Company offers solutions that enable customers to seamlessly capture, analyze and act on data across the Americas, Europe, the Middle East, Africa, Asia Pacific and Japan. The company operates through six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services and Corporate Investments and Other.