First Trust Advisors LP cut its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,048,923 shares of the technology company’s stock after selling 386,317 shares during the period. First Trust Advisors LP owned 0.62% of Hewlett Packard Enterprise worth $122,102,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HPE. OLD Point Trust & Financial Services N A boosted its stake in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 198,375 shares of the technology company’s stock valued at $2,965,000 after purchasing an additional 2,700 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Hewlett Packard Enterprise by 1.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 170,348 shares of the technology company’s stock worth $2,547,000 after buying an additional 1,640 shares during the last quarter. Supplemental Annuity Collective Trust of NJ purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $299,000. New Jersey Better Educational Savings Trust purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $179,000. Finally, Sanders Morris Harris LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $300,000. Institutional investors own 81.57% of the company’s stock.
Hewlett Packard Enterprise stock traded up $0.25 during midday trading on Friday, hitting $17.43. The stock had a trading volume of 5,901,685 shares, compared to its average volume of 9,988,734. The firm’s fifty day moving average is $15.29 and its two-hundred day moving average is $14.68. The company has a market capitalization of $21.97 billion, a PE ratio of 11.17, a P/E/G ratio of 1.24 and a beta of 1.61. Hewlett Packard Enterprise Co has a 52-week low of $12.09 and a 52-week high of $17.44. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.29 billion. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. As a group, equities research analysts predict that Hewlett Packard Enterprise Co will post 1.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.12 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 10th. This represents a $0.48 dividend on an annualized basis and a yield of 2.75%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
Several research firms have recently commented on HPE. Loop Capital reduced their price target on shares of Hewlett Packard Enterprise to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Bank of America raised shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, October 21st. Daiwa Capital Markets set a $14.00 price target on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, Credit Suisse Group reaffirmed a “sell” rating and set a $13.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, October 28th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $15.82.
In other news, SVP Jeff T. Ricci sold 20,457 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $17.01, for a total transaction of $347,973.57. Following the transaction, the senior vice president now owns 20,457 shares in the company, valued at $347,973.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip Davis sold 16,436 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total value of $237,171.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 519,526 shares of company stock worth $8,284,389. Insiders own 0.56% of the company’s stock.
Hewlett Packard Enterprise 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.
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