Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the technology company’s stock after selling 3,300 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Hewlett Packard Enterprise were worth $172,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Newman Dignan & Sheerar Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $207,000. BB&T Securities LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $156,000. Daiwa SB Investments Ltd. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $156,000. Clear Harbor Asset Management LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $158,000. Finally, Empirical Financial Services LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $159,000. 83.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Margaret C. Whitman sold 337,000 shares of the firm’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $17.26, for a total transaction of $5,816,620.00. Following the completion of the sale, the director now directly owns 1,889,514 shares in the company, valued at $32,613,011.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan Richard May sold 50,158 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $15.50, for a total transaction of $777,449.00. The disclosure for this sale can be found here. Insiders sold 4,395,913 shares of company stock valued at $78,549,177 over the last quarter. Company insiders own 1.18% of the company’s stock.
A number of brokerages recently issued reports on HPE. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Friday, March 16th. JPMorgan Chase began coverage on shares of Hewlett Packard Enterprise in a report on Friday, March 2nd. They set a “neutral” rating and a $21.00 price target on the stock. BMO Capital Markets increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. UBS reissued a “neutral” rating and set a $19.00 price target (up from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Finally, Deutsche Bank increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $17.38.
Shares of NYSE HPE opened at $16.70 on Friday. The stock has a market capitalization of $27,030.75, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.86. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a 52 week low of $12.69 and a 52 week high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. equities research analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.
Hewlett Packard Enterprise announced that its board has initiated a stock buyback program on Thursday, February 22nd that permits the company to buyback $5.50 billion in shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio is 31.25%.
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About Hewlett Packard Enterprise
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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