Wendell David Associates Inc. lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,700 shares of the technology company’s stock after selling 266 shares during the period. Wendell David Associates Inc.’s holdings in Hewlett Packard Enterprise were worth $460,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of Hewlett Packard Enterprise by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 103,300 shares of the technology company’s stock valued at $1,714,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 17.6% in the second quarter. LS Investment Advisors LLC now owns 63,787 shares of the technology company’s stock valued at $1,058,000 after buying an additional 9,567 shares during the last quarter. CrestPoint Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $571,000. Eqis Capital Management Inc. raised its position in shares of Hewlett Packard Enterprise by 29.3% in the second quarter. Eqis Capital Management Inc. now owns 41,368 shares of the technology company’s stock valued at $686,000 after buying an additional 9,362 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Hewlett Packard Enterprise by 515.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 273,564 shares of the technology company’s stock valued at $4,538,000 after buying an additional 229,133 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.
Hewlett Packard Enterprise Company (NYSE:HPE) traded up 1.05% during midday trading on Friday, hitting $17.30. 5,279,450 shares of the stock were exchanged. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 13.12 and a beta of 2.74. The firm’s 50-day moving average is $17.21 and its 200 day moving average is $17.62. Hewlett Packard Enterprise Company has a 52 week low of $15.46 and a 52 week high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business’s revenue was down 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Equities research analysts expect that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 20.16%.
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Several equities analysts have issued reports on the company. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Maxim Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. Mizuho reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $21.87.
In other news, EVP Christopher P. Hsu sold 11,515 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total value of $216,482.00. Following the completion of the transaction, the executive vice president now directly owns 24,083 shares in the company, valued at $452,760.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. Following the completion of the transaction, the senior vice president now owns 10,352 shares of the company’s stock, valued at $196,584.48. The disclosure for this sale can be found here. Insiders sold 1,612,328 shares of company stock valued at $28,048,424 over the last quarter. Insiders own 0.87% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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