Rockefeller Capital Management L.P. cut its position in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,731 shares of the technology company’s stock after selling 13,001 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Hewlett Packard Enterprise were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 7,285 shares in the last quarter. D.A. Davidson & CO. increased 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 worth $270,000 after buying an additional 1,809 shares during the period. Raymond James Trust N.A. lifted its holdings 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 worth $269,000 after buying an additional 5,095 shares in the last quarter. Blair William & Co. IL boosted its position in Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after buying an additional 29,819 shares during the period. Finally, Aviva PLC grew its stake in shares of Hewlett Packard Enterprise by 45.8% in the first quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after acquiring an additional 199,382 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise stock opened at $16.36 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.65. The business has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $15.55. Hewlett Packard Enterprise has a 12 month low of $11.90 and a 12 month high of $17.74. The stock has a market capitalization of $21.13 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23.
Hewlett Packard Enterprise (NYSE:HPE – Free Report) last announced its quarterly earnings data on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hewlett Packard Enterprise had a return on equity of 5.05% and a net margin of 3.46%. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts predict that Hewlett Packard Enterprise will post 1.36 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.48 annualized dividend and a yield of 2.93%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 61.54%.
Insiders Place Their Bets
In related news, SVP Kirt P. Karros sold 33,417 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $16.00, for a total value of $534,672.00. Following the sale, the senior vice president now owns 9,776 shares of the company’s stock, valued at approximately $156,416. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Kirt P. Karros sold 33,417 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $16.00, for a total transaction of $534,672.00. Following the completion of the sale, the senior vice president now directly owns 9,776 shares in the company, valued at $156,416. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 5,668 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.00, for a total transaction of $96,356.00. Following the completion of the sale, the executive vice president now directly owns 67,744 shares of the company’s stock, valued at $1,151,648. The disclosure for this sale can be found here. Over the last quarter, insiders sold 433,504 shares of company stock worth $6,954,746. Insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, May 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Hewlett Packard Enterprise from $16.00 to $15.00 in a research report on Wednesday, May 31st. Barclays reduced their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, March 3rd. Finally, Citigroup upped their price target on Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $16.36.
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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