Convergence Investment Partners LLC lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 34.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,953 shares of the technology company’s stock after selling 41,763 shares during the period. Convergence Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,343,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. boosted its position in shares of Hewlett Packard Enterprise by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 44,431 shares of the technology company’s stock valued at $985,000 after buying an additional 1,416 shares during the period. Nationwide Fund Advisors raised its stake in Hewlett Packard Enterprise by 3.1% in the first quarter. Nationwide Fund Advisors now owns 908,423 shares of the technology company’s stock valued at $21,530,000 after buying an additional 27,623 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Hewlett Packard Enterprise by 8.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 788,248 shares of the technology company’s stock valued at $18,682,000 after buying an additional 63,704 shares in the last quarter. James Investment Research Inc. raised its stake in Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock valued at $132,000 after buying an additional 450 shares in the last quarter. Finally, Wagner Bowman Management Corp raised its stake in Hewlett Packard Enterprise by 12.5% in the first quarter. Wagner Bowman Management Corp now owns 11,906 shares of the technology company’s stock valued at $282,000 after buying an additional 1,321 shares in the last quarter. 79.80% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.75 on Wednesday. Hewlett Packard Enterprise Company has a 12 month low of $15.49 and a 12 month high of $19.16. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 13.46 and a beta of 2.74. The company’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.63.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was down 22.1% on a year-over-year basis. Analysts forecast that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.
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Several analysts have issued reports on HPE shares. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird restated a “hold” rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 7th. Barclays PLC restated an “underweight” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $17.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Finally, CIBC dropped their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.87.
In other news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at $17,150,556.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 251,268 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the sale, the chief executive officer now owns 865,021 shares of the company’s stock, valued at $15,051,365.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,984 shares of company stock valued at $27,663,922. 0.87% of the stock is currently owned by company insiders.
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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