Amalgamated Bank lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,369 shares of the technology company’s stock after selling 23,359 shares during the quarter. Amalgamated Bank’s holdings in Hewlett Packard Enterprise were worth $5,470,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HPE. DeDora Capital Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $30,000. Delos Wealth Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $33,000. First Quadrant LLC CA purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $36,000. First Manhattan Co. raised its holdings in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after buying an additional 1,139 shares in the last quarter. Finally, Cornerstone Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $44,000. Institutional investors own 82.09% of the company’s stock.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 70,115 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $13.33, for a total value of $934,632.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company’s stock.
Hewlett Packard Enterprise Trading Down 0.6 %
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its quarterly earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.28 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 17.14%.
Analyst Ratings Changes
HPE has been the topic of a number of research reports. Barclays decreased their price objective on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Wednesday, August 31st. JPMorgan Chase & Co. decreased their price target on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Evercore ISI decreased their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. Finally, Citigroup decreased their price target on Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating on the stock in a research note on Thursday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.59.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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