Haverford Trust Co. Boosts Stake in Hewlett Packard Enterprise Co (HPE)

Marcus Newton
May 31, 2017

The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has "Market Perform" rating given on Wednesday, August 17 by Raymond James. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 94.0% in the fourth quarter. Jana Partners LLC now owns 6,822,274 shares of the technology company's stock valued at $155,207,000 after buying an additional 2,765,065 shares during the last quarter. Hotchkis & Wiley Capital Management LLC now owns 37,399,100 shares of the technology company's stock valued at $865,415,000 after buying an additional 18,117,846 shares in the last quarter. About 50.40 million shares traded. Boston Research & Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $202,000. Institutional investors own 79.10% of the company's stock.

Hewlett Packard Enterprise Co (NYSE:HPE) traded down 0.37% during trading on Thursday, reaching $18.84. Based on an average daily trading volume, of 10,535,755 shares, the short-interest ratio is presently 3.0 days. The stock touched 52-week High of $19.16 on 05/16/17 and 52-week Low of $12.62 on 06/27/16. The firm has a market capitalization of $31.21 billion, a P/E ratio of 10.2086 and a beta of 3.05. After a recent review, the stock has been noted $0.154 away from the 50-day moving average of $18.601 and $-3.204 away from the 200-day moving average of $21.959. The Return on Assets for Hewlett Packard Enterprise Company (NYSE:HPE) is 0.040865. Oppenheimer Holdings Inc. set a $21.00 target price on shares of Hewlett Packard Enterprise and gave the stock a "buy" rating in a report on Monday, April 17th.

The company's net profit margin stands at 15.40% whereas its return on equity (ROE) is 19.80%. The company has market cap of $31.29 billion.

EPS is often the first number companies report to shareholders in their quarterly earnings calls. Equities analysts forecast that Hewlett Packard Enterprise Co will post $1.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a $0.065 dividend. A recommendation of 1 or 2 would represent a consensus Buy. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 14.21%.

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Several brokerages have recently issued reports on HPE. Berenberg initiated it with "Hold" rating and $17 target in Tuesday, April 4 report. Needham maintained the stock with "Buy" rating in Thursday, September 8 report. The price index of Hewlett Packard Enterprise Company (NYSE:HPE) for last month was 1.01074. Barclays Capital maintained Hewlett Packard Enterprise Co (NYSE:HPE) on Wednesday, November 23 with "Underweight" rating. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. The stock was trading on below-average volume. Traders bought 5,446 put options on the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other news, EVP Michael G. Nefkens sold 831,311 shares of Hewlett Packard Enterprise stock in a transaction on Friday, March 10th.

On Monday, Shares of General Electric Company (NYSE:GE), subtract -0.15% and closed at $27.45 in the last trading session. GE belongs to Industrial Goods sector and Diversified Machinery industry. Following the completion of the transaction, the executive vice president now directly owns 474,245 shares in the company, valued at $10,627,830.45.

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