Hewlett Packard Enterprise (NYSE:HPE) Position Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 12.3% in the third quarter, HoldingsChannel reports. The fund owned 155,007 shares of the technology company’s stock after selling 21,780 shares during the period. Commonwealth Equity Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,856,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Hewlett Packard Enterprise by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after buying an additional 7,285 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Hewlett Packard Enterprise by 12.6% during the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,809 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Hewlett Packard Enterprise by 46.4% during the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after purchasing an additional 5,095 shares in the last quarter. Blair William & Co. IL increased its position in shares of Hewlett Packard Enterprise by 9.8% during the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 29,819 shares during the period. Finally, Aviva PLC raised its stake in shares of Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after buying an additional 199,382 shares in the last quarter. 81.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Alan Richard May sold 703,226 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total value of $10,625,744.86. Following the transaction, the executive vice president now owns 249,511 shares in the company, valued at approximately $3,770,111.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas E. Black, Jr. sold 34,088 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The disclosure for this sale can be found here. Insiders sold 799,621 shares of company stock worth $12,178,761 over the last ninety days. 0.53% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $14.01 on Tuesday. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 0.85. The company has a market capitalization of $18.16 billion, a PE ratio of 21.55, a PEG ratio of 2.19 and a beta of 1.23. The company’s 50 day moving average price is $16.02 and its 200 day moving average price is $14.89.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings data on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The business had revenue of $7.81 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same period last year, the company earned $0.39 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise will post 1.3 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, March 16th. Hewlett Packard Enterprise’s payout ratio is presently 73.85%.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research reports. Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Thursday, March 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. Credit Suisse Group lifted their target price on Hewlett Packard Enterprise to $19.00 in a report on Friday, December 2nd. Finally, JPMorgan Chase & Co. upped their target price on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.92.

Hewlett Packard Enterprise Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.