United Capital Financial Advisers LLC lowered its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 13.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,368 shares of the technology company’s stock after selling 12,976 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wade G W & Inc. purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $187,000. Stratos Wealth Partners LTD. lifted its stake in Hewlett Packard Enterprise by 103.9% in the first quarter. Stratos Wealth Partners LTD. now owns 10,993 shares of the technology company’s stock valued at $193,000 after buying an additional 5,601 shares during the last quarter. Empirical Financial Services LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $159,000. KCM Investment Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $198,000. Finally, Aspiriant LLC purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $204,000. Institutional investors own 81.51% of the company’s stock.
Shares of Hewlett Packard Enterprise opened at $15.24 on Friday, MarketBeat reports. Hewlett Packard Enterprise Co has a 1-year low of $12.69 and a 1-year high of $19.48. The firm has a market cap of $23.35 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.76. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The firm had revenue of $7.47 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 9.7% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise Co will post 1.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 4th. Investors of record on Wednesday, June 13th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, June 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.
HPE has been the subject of a number of research reports. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, March 20th. Oppenheimer set a $20.00 price objective on Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Tuesday, May 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 22nd. ValuEngine cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Maxim Group reiterated a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $17.36.
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 27,720 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $17.47, for a total value of $484,268.40. Following the sale, the senior vice president now owns 42,369 shares of the company’s stock, valued at $740,186.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 138,593 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $15.92, for a total value of $2,206,400.56. Following the completion of the sale, the chief executive officer now directly owns 259,157 shares in the company, valued at approximately $4,125,779.44. The disclosure for this sale can be found here. Insiders have sold 9,353,585 shares of company stock worth $155,322,515 in the last ninety days. 1.18% of the stock is currently owned by corporate insiders.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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