Proquility Private Wealth Partners LLC trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 36.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,119 shares of the technology company’s stock after selling 30,608 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Hewlett Packard Enterprise were worth $862,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HPE. Arrowstreet Capital Limited Partnership increased its stake in Hewlett Packard Enterprise by 60.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 21,641,979 shares of the technology company’s stock valued at $345,406,000 after purchasing an additional 8,116,822 shares during the last quarter. AQR Capital Management LLC increased its stake in Hewlett Packard Enterprise by 52.5% in the fourth quarter. AQR Capital Management LLC now owns 9,586,843 shares of the technology company’s stock valued at $152,047,000 after purchasing an additional 3,298,626 shares during the last quarter. Norges Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $41,433,000. Cowa LLC increased its position in Hewlett Packard Enterprise by 14,778.9% during the first quarter. Cowa LLC now owns 2,594,739 shares of the technology company’s stock worth $434,000 after purchasing an additional 2,577,300 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Hewlett Packard Enterprise by 4.1% during the fourth quarter. Bank of America Corp DE now owns 52,716,520 shares of the technology company’s stock worth $841,356,000 after purchasing an additional 2,092,725 shares during the last quarter. 81.69% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP John F. Schultz sold 226,078 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $16.01, for a total transaction of $3,619,508.78. Following the sale, the executive vice president now owns 224,491 shares in the company, valued at $3,594,100.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 226,078 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.01, for a total value of $3,619,508.78. Following the sale, the executive vice president now directly owns 224,491 shares of the company’s stock, valued at $3,594,100.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tarek Robbiati sold 159,180 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.01, for a total value of $2,548,471.80. Following the completion of the sale, the chief financial officer now directly owns 159,073 shares in the company, valued at $2,546,758.73. The disclosure for this sale can be found here. Insiders have sold a total of 454,635 shares of company stock worth $7,327,919 over the last quarter. 0.53% of the stock is owned by company insiders.
Hewlett Packard Enterprise Stock Up 0.5 %
Shares of Hewlett Packard Enterprise stock traded up $0.09 during trading on Friday, reaching $17.06. The company had a trading volume of 5,672,861 shares, compared to its average volume of 12,818,971. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26. The firm’s fifty day moving average is $17.09 and its 200-day moving average is $15.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.87. Hewlett Packard Enterprise has a fifty-two week low of $11.90 and a fifty-two week high of $18.14.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.30 billion. Hewlett Packard Enterprise had a net margin of 3.46% and a return on equity of 5.05%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.36 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.48 annualized dividend and a yield of 2.81%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 61.54%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on HPE shares. Barclays decreased their target price on Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $18.00 in a research note on Wednesday, June 21st. StockNews.com began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Hewlett Packard Enterprise from $16.00 to $15.00 in a research report on Wednesday, May 31st. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a research report on Thursday, June 29th. They set a “neutral” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.73.
View Our Latest Stock Report on HPE
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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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