Oakbrook Investments LLC decreased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 17.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,175 shares of the technology company’s stock after selling 14,080 shares during the period. Oakbrook Investments LLC’s holdings in Hewlett Packard Enterprise were worth $973,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $2,193,000. Synovus Financial Corp raised its position in Hewlett Packard Enterprise by 11.5% during the second quarter. Synovus Financial Corp now owns 254,871 shares of the technology company’s stock valued at $4,226,000 after purchasing an additional 26,288 shares in the last quarter. BlackRock Inc. raised its position in Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after purchasing an additional 95,915,907 shares in the last quarter. Motco raised its position in Hewlett Packard Enterprise by 929.3% during the second quarter. Motco now owns 10,633 shares of the technology company’s stock valued at $176,000 after purchasing an additional 9,600 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its position in Hewlett Packard Enterprise by 1.4% during the second quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 81.34% of the company’s stock.
Hewlett Packard Enterprise Company (NYSE:HPE) traded down $0.02 during trading on Friday, reaching $13.70. The company’s stock had a trading volume of 4,517,800 shares, compared to its average volume of 12,071,746. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. The company has a market cap of $22,219.05, a PE ratio of 8.47, a price-to-earnings-growth ratio of 1.77 and a beta of 2.59. Hewlett Packard Enterprise Company has a fifty-two week low of $12.97 and a fifty-two week high of $24.88.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. equities analysts forecast that Hewlett Packard Enterprise Company will post 1.38 EPS for the current year.
Hewlett Packard Enterprise declared that its board has initiated a stock buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.19%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.
A number of equities research analysts have weighed in on HPE shares. Deutsche Bank AG lowered their price target on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.79.
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In other news, CEO Margaret C. Whitman sold 249,052 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the completion of the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at $11,722,430.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38. Following the transaction, the chief executive officer now owns 1,514,639 shares of the company’s stock, valued at $21,613,898.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,309,941 shares of company stock worth $48,162,528. Insiders own 0.87% of the company’s stock.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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