79 hedge funds buy Hewlett Packard Enterprise Company (HPE) for the first time

Hewlett Packard Enterprise Company (NYSE:HPE) has made a 0.21% comeback from a 12-month low price of $14.19. It was seen -1.86% lower, changing the price to $14.22, when the closing bell rang on 12/14/2018. At recent session, the prices were hovering between $14.2 and $14.46. This company shares are 26.58% off its target price of $18 and the current market capitalization stands at $21.32B. The recent change has given its price a -7.25% deficit over SMA 50 and -26.98% deficit over its 52-week high. The stock witnessed -7.3% declines, -14.23% declines and -10.85% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HPE’s volatility during a week at 3.09% and during a month it has been found around 3.5%.

Hewlett Packard Enterprise Company (HPE) Top Holders

Institutional investors currently hold around $16.84 billion or 82% in HPE stock. Look at its top three institutional owners. Dodge & Cox owns $2.5 billion in Hewlett Packard Enterprise Company, which represents roughly 11.74% of the company’s market cap and approximately 14.86% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 113,735,479 shares of the stock are valued at $1.62 billion. The third largest holder is Primecap Management Co/Ca/, which currently holds $1.38 billion worth of this stock and that ownership represents nearly 6.47% of its market capitalization.

Hewlett Packard Enterprise Company 13F Filings

At the end of September reporting period, 289 institutional holders increased their position in Hewlett Packard Enterprise Company (NYSE:HPE) by some 51,717,847 shares, 366 decreased positions by 103,718,871 and 186 held positions by 1,029,000,000. That puts total institutional holdings at 1,184,000,000 shares, according to SEC filings. The stock grabbed 79 new institutional investments totaling 12,600,385 shares while 65 institutional investors sold out their entire positions totaling 5,227,587 shares.

Hewlett Packard Enterprise Company (NYSE:HPE) Insider Trades

Multiple company employees have indulged in significant insider trading. Hewlett Packard Enterprise Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President Intelligent Edge Melkote Keerti has sold 36,300 shares of Hewlett Packard Enterprise Company (HPE) in trading session dated Dec. 11, 2018. These shares are worth $528,165 and were traded at $14.55 each. The SEC filing shows that Ricci Jeff T performed a sale of 15,639 shares. The SVP, Controller & PAO disposed these shares by way of transaction on Dec. 11, 2018. The company’s shares were given away at $14.54 per share worth to an income of some $227,391 on account of Ricci Jeff T.

President Intelligent Edge, Melkote Keerti, sold 102,284 common shares of Hewlett Packard Enterprise Company (HPE) in the open market. In a transaction dated Nov. 06, 2018, the shares were put up for sale at an average price of $15.94, raking in a sum of $1,630,407. After this sale, common shares of HPE are directly owned by the insider, with total stake valued at $.

In the transaction dated Sep. 21, 2018, the great number of shares disposed came courtesy the President and CEO; Neri Antonio F disposed a total of 82,893 shares at an average price of $17, amounting to approximately $1,409,181. The insider now directly owns 87,828 shares worth $1,248,914.

Hewlett Packard Enterprise Company (HPE) Analyst Guide

Several analysts have released their opinion on Hewlett Packard Enterprise Company (NYSE:HPE), with 3 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.7 average brokerage recommendation.