180 Wealth Advisors LLC Reduces Position in Hewlett Packard Enterprise (NYSE:HPE)

180 Wealth Advisors LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,426 shares of the technology company’s stock after selling 8,814 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New Hampshire Trust purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. First Manhattan Co. boosted its stake in shares of Hewlett Packard Enterprise by 89.4% during the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,139 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $44,000. Twin Tree Management LP purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $45,000. Finally, AlphaMark Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 1,019.8% during the first quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock valued at $45,000 after purchasing an additional 2,580 shares during the period. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Insider Activity

In other news, SVP Jeremy Cox sold 21,131 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total transaction of $373,173.46. Following the completion of the transaction, the senior vice president now directly owns 615 shares in the company, valued at $10,860.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total value of $5,995,919.68. Following the completion of the sale, the executive vice president now directly owns 249,511 shares in the company, valued at approximately $4,361,452.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the completion of the sale, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The disclosure for this sale can be found here. Insiders sold 799,031 shares of company stock worth $13,970,865 over the last three months. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, June 29th. They issued a “neutral” rating and a $18.00 price target for the company. Credit Suisse Group dropped their price target on Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Barclays dropped their price target on Hewlett Packard Enterprise from $18.00 to $16.00 in a research note on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. Finally, StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.33.

Hewlett Packard Enterprise Stock Down 1.2 %

HPE traded down $0.20 during trading on Monday, reaching $16.87. The stock had a trading volume of 1,321,809 shares, compared to its average volume of 12,649,354. The stock’s 50 day moving average is $17.27 and its two-hundred day moving average is $15.98. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 3.04 and a beta of 1.25. Hewlett Packard Enterprise has a one year low of $11.90 and a one year high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.99 billion. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, analysts expect that Hewlett Packard Enterprise will post 1.43 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.85%. Hewlett Packard Enterprise’s payout ratio is presently 58.54%.

Hewlett Packard Enterprise Profile

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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.