Neuberger Berman Group LLC cut its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 37.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,320 shares of the technology company’s stock after selling 26,842 shares during the quarter. Neuberger Berman Group LLC’s holdings in Hewlett Packard Enterprise were worth $723,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HPE. Vectors Research Management LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $136,000. TRUE Private Wealth Advisors bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $137,000. Steward Partners Investment Advisory LLC grew its stake in shares of Hewlett Packard Enterprise by 94.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock valued at $171,000 after buying an additional 5,087 shares in the last quarter. Spectrum Financial Alliance Ltd LLC grew its stake in shares of Hewlett Packard Enterprise by 73.4% in the second quarter. Spectrum Financial Alliance Ltd LLC now owns 12,006 shares of the technology company’s stock valued at $175,000 after buying an additional 5,084 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $216,000. 83.01% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price for the company. Oppenheimer set a $18.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Wednesday, December 5th. Finally, Maxim Group reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.36.
In other news, insider Philip Davis sold 27,182 shares of the business’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $14.67, for a total value of $398,759.94. Following the completion of the sale, the insider now owns 41,922 shares of the company’s stock, valued at $614,995.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keerti Melkote sold 102,284 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the sale, the insider now directly owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. In the last three months, insiders sold 181,405 shares of company stock valued at $2,784,723. 1.18% of the stock is currently owned by company insiders.
HPE stock opened at $14.24 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.86. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $19.48. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.68 and a beta of 1.51.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. The firm had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period in the previous year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current fiscal year.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
Further Reading: Intrinsic Value and Stock Selection
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