Truist Financial Corp lessened its position in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,727 shares of the technology company’s stock after selling 7,142 shares during the quarter. Truist Financial Corp’s holdings in Hewlett Packard Enterprise were worth $1,270,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in HPE. New Hampshire Trust purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. U.S. Capital Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $38,000. First Manhattan Co. increased its stake 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 worth $40,000 after acquiring an additional 1,139 shares during the last quarter. Twin Tree Management LP acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth $45,000. Finally, AlphaMark Advisors LLC raised its position in Hewlett Packard Enterprise by 1,019.8% in 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 81.69% of the company’s stock.
Hewlett Packard Enterprise Stock Performance
Shares of HPE stock opened at $17.00 on Friday. Hewlett Packard Enterprise has a 12 month low of $11.90 and a 12 month high of $18.14. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The company has a market cap of $21.96 billion, a P/E ratio of 21.80, a PEG ratio of 2.64 and a beta of 1.26. The firm has a fifty day moving average price of $17.11 and a 200 day moving average price of $15.83.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, beating 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 company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same period last year, the firm earned $0.19 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.36 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Wednesday, June 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 61.54%.
Insider Buying and Selling at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, CFO Tarek Robbiati sold 159,180 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $16.01, for a total transaction of $2,548,471.80. Following the transaction, the chief financial officer now owns 159,073 shares of the company’s stock, valued at $2,546,758.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, CFO Tarek Robbiati sold 159,180 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $16.01, for a total transaction of $2,548,471.80. Following the transaction, the chief financial officer now owns 159,073 shares of the company’s stock, valued at $2,546,758.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 33,417 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $16.00, for a total value of $534,672.00. Following the transaction, the senior vice president now directly owns 9,776 shares in the company, valued at approximately $156,416. 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 ninety days. Corporate insiders own 0.53% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on HPE. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 29th. They issued a “neutral” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Hewlett Packard Enterprise from $16.00 to $15.00 in a research report on Wednesday, May 31st. Bank of America boosted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 in a report on Wednesday, June 21st. StockNews.com initiated coverage on Hewlett Packard Enterprise in a research report on Thursday. They issued a “hold” rating for the company. Finally, Barclays reduced their price target on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.73.
Check Out Our Latest Report on HPE
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hewlett Packard Enterprise, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hewlett Packard Enterprise wasn’t on the list.
While Hewlett Packard Enterprise currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.
