Alliancebernstein LP Marginally Lowers Its Stake in Hewlett-Packard Company (HPQ)

Rodiano Bonacci
Novembre 15, 2017

Hewlett Packard Enterprise Company has a 52-week low of $12.97 and a 52-week high of $24.88.

HPE has been the subject of several research reports. Equity analyst Royal Bank Of Canada raised the price target on October 18 changing the price objective from $22.00 to $26.00 and stated a "Outperform" rating. On Wednesday, November 11 the stock rating was initiated by Morgan Stanley with "Equal-Weight". The original version of this report can be viewed at

October 27 investment analysts at Maxim Group maintained a stock rating of "Hold" projecting a price of $25.00.

The company is so far trading down by 0.19% since yesterday's close of 21.23.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. As of the latest earnings report the EPS was $1.39 with 1.67B shares outstanding. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. The expected HPE's profit could reach $453.37 million giving the stock 11.91 P/E in the case that $0.28 earnings per share is reported. The value of the investment in HPQ increased from $255,783,000 to $290,380,000 a change of 13.5% quarter to quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.075 dividend. In contrast to the year ago quarter EPS was at 0.52. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. This is a boost from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued. Calamos Advisors LLC now owns 185,008 shares of the technology company's stock worth $2,721,000 after purchasing an additional 6,805 shares during the last quarter. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $13.43, for a total value of $1,172,761.32. Following the completion of the transaction, the senior vice president now directly owns 24,846 shares of the company's stock, valued at approximately $333,681.78. The disclosure for this sale can be found here.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D now owns 950,000 shares of the technology company's stock worth $13,975,000 after purchasing an additional 350,000 shares during the last quarter. Hewlett Packard Enterprise's payout ratio is now 371.48%. These ratios are important while doing valuation of the company or the shares of the company. Victory Capital Management Inc. grew its position in Hewlett Packard Enterprise by 18.5% during the third quarter. The value of the company's investment in Hewlett-Packard Company went from $237,538,000 to $271,147,000 a change of $33,609,000 quarter over quarter. Motco increased its holdings in Hewlett Packard Enterprise by 929.3% in the 2nd quarter. Its stake was valued at $433,110,000 an increase of $44,928,000 as of quarter end. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company's stock valued at $321,088,000 after purchasing an additional 779,447 shares in the last quarter.

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