Thrivent Financial for Lutherans Has $918,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Thrivent Financial for Lutherans reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,499 shares of the technology company’s stock after selling 10,443 shares during the period. Thrivent Financial for Lutherans’ holdings in Hewlett Packard Enterprise were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HPE. Old North State Trust LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $25,000. Arlington Partners LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $26,000. Independence Bank of Kentucky bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $32,000. Romano Brothers AND Company acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $32,000. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 3,779.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,095 shares of the technology company’s stock valued at $33,000 after purchasing an additional 2,041 shares in the last quarter. 81.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on HPE shares. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a research report on Friday, March 3rd. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Monday, March 20th. They set a “neutral” rating and a $15.00 price target on the stock. Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, April 17th. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, March 3rd. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.85.

Insider Activity

In related news, Director Jean M. Hobby sold 10,000 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $15.28, for a total transaction of $152,800.00. Following the completion of the sale, the director now directly owns 46,161 shares of the company’s stock, valued at approximately $705,340.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, Director Jean M. Hobby sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $15.28, for a total transaction of $152,800.00. Following the completion of the sale, the director now directly owns 46,161 shares of the company’s stock, valued at approximately $705,340.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 747,314 shares of company stock worth $11,291,569. Insiders own 0.53% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.5 %

HPE stock opened at $14.38 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The firm has a market cap of $18.63 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.22 and a beta of 1.22. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $17.25. The business’s 50 day moving average is $14.78 and its 200-day moving average is $15.49.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.81 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.32 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 17th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Thursday, March 16th. Hewlett Packard Enterprise’s payout ratio is 73.85%.

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.