Fisher Asset Management LLC Has $695,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Fisher Asset Management LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 211.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,973 shares of the technology company’s stock after purchasing an additional 23,053 shares during the period. Fisher Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $695,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after acquiring an additional 23,035,594 shares during the period. Marshall Wace LLP lifted its holdings in Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after purchasing an additional 8,560,086 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $105,185,000. Finally, Panagora Asset Management Inc. raised its position 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 valued at $90,387,000 after purchasing an additional 3,291,880 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HPE shares. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target for the company. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $22.21.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.22 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market cap of $27.56 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19. The company has a 50 day moving average of $20.67 and a 200-day moving average of $19.76. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.