Mercer Global Advisors Inc. ADV Buys New Holdings in Hewlett Packard Enterprise Co (NYSE:HPE)

Mercer Global Advisors Inc. ADV bought a new stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 88,400 shares of the technology company’s stock, valued at approximately $1,364,000.

Several other large investors have also bought and sold shares of the company. Standard Life Aberdeen plc lifted its stake in Hewlett Packard Enterprise by 5.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 675,546 shares of the technology company’s stock valued at $11,018,000 after buying an additional 36,807 shares in the last quarter. LPL Financial LLC lifted its stake in Hewlett Packard Enterprise by 9.3% in the 3rd quarter. LPL Financial LLC now owns 86,033 shares of the technology company’s stock worth $1,403,000 after purchasing an additional 7,349 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Hewlett Packard Enterprise by 61.5% in the 3rd quarter. Mackenzie Financial Corp now owns 21,613 shares of the technology company’s stock worth $353,000 after purchasing an additional 8,233 shares in the last quarter. Nordea Investment Management AB lifted its stake in Hewlett Packard Enterprise by 8.1% in the 3rd quarter. Nordea Investment Management AB now owns 758,347 shares of the technology company’s stock worth $12,367,000 after purchasing an additional 56,891 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Hewlett Packard Enterprise by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock worth $135,376,000 after purchasing an additional 54,050 shares in the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

A number of research firms have weighed in on HPE. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday. Nomura decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Daiwa Capital Markets started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, April 1st. They issued a “hold” rating and a $16.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Finally, ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $16.92.

Hewlett Packard Enterprise stock traded up $0.07 during trading on Friday, hitting $14.39. The company had a trading volume of 24,794,989 shares, compared to its average volume of 10,585,668. The company has a market capitalization of $20.90 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The business had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.45 annualized dividend and a dividend yield of 3.13%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 398,145 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $16.50, for a total value of $6,569,392.50. Following the completion of the transaction, the insider now owns 4,936 shares in the company, valued at $81,444. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Antonio F. Neri sold 591,276 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the completion of the transaction, the insider now owns 59,110 shares of the company’s stock, valued at approximately $975,906.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,373,866 shares of company stock valued at $22,674,702. Insiders own 0.56% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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