Investment firm TCW Group Inc. acquired a new stake in Hewlett Packard Enterprise (HPE) during the fourth quarter, purchasing 20,277 shares of the technology company’s stock valued at approximately $348,000. Other institutional investors also made changes to their holdings of HPE, with Nomura Asset Management Co. Ltd., Corient Private Wealth LLC, NBC Securities Inc., Ieq Capital LLC, and HM Payson & Co. all increasing their positions in the company.
In terms of insider activity, Senior Vice President Jeremy Cox sold 18,323 shares of HPE stock at an average price of $16.96 per share. This transaction totaled $310,758.08, with Cox now holding 15,541 shares directly in the company. Insiders own 0.40% of HPE’s shares.
Hewlett Packard Enterprise’s stock performance shows an opening price of $18.41 on Monday, with a 52-week low of $13.79 and a high of $20.07. The company has a debt-equity ratio of 0.37 and a market capitalization of $23.93 billion. HPE’s latest quarterly earnings report exceeded expectations, with the company reporting $0.48 earnings per share. Analysts anticipate an EPS of 1.4 for the current fiscal year.
Furthermore, HPE recently paid a quarterly dividend of $0.13 per share, representing an annualized dividend of $0.52 and a yield of 2.82%. The company’s payout ratio is 35.86%.
Wall Street analysts have provided varying ratings for HPE, with some lowering price targets and ratings while others have raised them. The consensus rating for the stock is “Hold,” with a consensus price target of $17.91.
Hewlett Packard Enterprise, operating in six segments including Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others, offers solutions for data analysis and action across multiple regions.
In terms of ownership, institutional investors hold 80.78% of HPE’s shares. Overall, the company continues to attract investor interest and analyst attention in the tech industry.
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https://www.defenseworld.net/2024/05/27/20277-shares-in-hewlett-packard-enterprise-nysehpe-acquired-by-tcw-group-inc.html
