Shell Asset Management Co. Sells 1,354 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Shell Asset Management Co. reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,851 shares of the technology company’s stock after selling 1,354 shares during the period. Shell Asset Management Co.’s holdings in Hewlett Packard Enterprise were worth $849,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aspire Private Capital LLC grew its position in Hewlett Packard Enterprise by 169.2% in the fourth quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after acquiring an additional 765 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Hewlett Packard Enterprise by 68.1% in the second quarter. Valley National Advisers Inc. now owns 1,728 shares of the technology company’s stock worth $30,000 after purchasing an additional 700 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $31,000. McIlrath & Eck LLC boosted its position in Hewlett Packard Enterprise by 90.2% during the second quarter. McIlrath & Eck LLC now owns 1,910 shares of the technology company’s stock valued at $32,000 after buying an additional 906 shares during the period. Finally, First Manhattan Co. boosted its position in 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 buying an additional 1,139 shares during the period. 81.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CFO Jeremy Cox sold 1,773 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $16.93, for a total transaction of $30,016.89. Following the completion of the transaction, the chief financial officer now owns 14,374 shares of the company’s stock, valued at $243,351.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 26,127 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $16.07, for a total transaction of $419,860.89. Following the completion of the transaction, the senior vice president now owns 26,130 shares of the company’s stock, valued at $419,909.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Cox sold 1,773 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $16.93, for a total transaction of $30,016.89. Following the transaction, the chief financial officer now directly owns 14,374 shares of the company’s stock, valued at approximately $243,351.82. The disclosure for this sale can be found here. Insiders sold 303,575 shares of company stock worth $4,989,141 over the last three months. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of several analyst reports. Raymond James upped their price target on shares of Hewlett Packard Enterprise from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Barclays cut their price target on shares of Hewlett Packard Enterprise from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 29th. Finally, Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.60.

Read Our Latest Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $15.49 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.66. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $18.14. The company has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $16.54. The firm has a market capitalization of $20.13 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings data on Tuesday, November 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Hewlett Packard Enterprise had a net margin of 6.95% and a return on equity of 9.83%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the business posted ($0.23) earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.6 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Wednesday, December 13th were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.36%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 33.77%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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