Fisher Asset Management LLC reduced its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 17.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,758 shares of the technology company’s stock after selling 3,288 shares during the period. Fisher Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of HPE. WFG Advisors LP grew its stake in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Hewlett Packard Enterprise by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after buying an additional 966 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $140,000. Finally, FormulaFolio Investments LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $148,000. 83.78% of the stock is owned by institutional investors and hedge funds.
In other news, Director Margaret C. Whitman sold 242,165 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $15.27, for a total value of $3,697,859.55. Following the completion of the sale, the director now owns 1,705,823 shares in the company, valued at approximately $26,047,917.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alan Richard May sold 42,314 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total transaction of $592,396.00. Following the completion of the sale, the executive vice president now owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. Company insiders own 0.87% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise Co will post 1.19 EPS for the current year.
Hewlett Packard Enterprise announced that its board has approved a stock repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.96%. Hewlett Packard Enterprise’s dividend payout ratio is currently 142.86%.
A number of research firms recently commented on HPE. Deutsche Bank lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday. They set a “neutral” rating and a $16.00 price target for the company. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Pivotal Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, October 17th. They set a “hold” rating and a $14.00 price target for the company. Finally, Oppenheimer reaffirmed a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have given a buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $16.16.
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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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