Primecap Management Co. CA Has $672.68 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Primecap Management Co. CA lessened its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,775,271 shares of the technology company’s stock after selling 218,395 shares during the period. Primecap Management Co. CA owned 2.44% of Hewlett Packard Enterprise worth $672,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $35,000. Finally, American National Bank increased its stake in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.5 %

Shares of NYSE:HPE opened at $17.23 on Tuesday. The business’s 50 day simple moving average is $18.91 and its two-hundred day simple moving average is $18.59. The firm has a market cap of $22.39 billion, a P/E ratio of 12.58, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 3.02%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Susquehanna reissued a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.