Royal London Asset Management Ltd. Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Royal London Asset Management Ltd. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 539,452 shares of the technology company’s stock after buying an additional 21,438 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Hewlett Packard Enterprise were worth $11,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock worth $90,387,000 after purchasing an additional 3,291,880 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth about $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth about $51,938,000. Finally, Norges Bank bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $48,291,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

HPE opened at $16.87 on Friday. The firm has a market capitalization of $21.92 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19. The business’s 50-day moving average is $19.05 and its two-hundred day moving average is $18.51. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HPE. Barclays upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. Susquehanna restated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Finally, Bank of America lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $20.83.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.