Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 8,120,146 shares of the technology company’s stock after selling 92,490 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.52% of Hewlett Packard Enterprise worth $142,427,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Spectrum Financial Alliance Ltd LLC purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $121,000. Highlander Capital Management LLC purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $148,000. Wade G W & Inc. purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $187,000. Stratos Wealth Partners LTD. grew its position in Hewlett Packard Enterprise by 103.9% in the first quarter. Stratos Wealth Partners LTD. now owns 10,993 shares of the technology company’s stock worth $193,000 after acquiring an additional 5,601 shares during the period. Finally, Empirical Financial Services LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $159,000. Institutional investors own 81.51% of the company’s stock.
In other news, insider Antonio F. Neri sold 80,550 shares of the stock in a transaction on Monday, June 4th. The stock was sold at an average price of $15.51, for a total value of $1,249,330.50. Following the sale, the insider now directly owns 352,321 shares in the company, valued at $5,464,498.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry Gomez sold 14,563 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $15.33, for a total value of $223,250.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,353,585 shares of company stock worth $157,526,495. Insiders own 1.18% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $7.47 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. analysts anticipate that Hewlett Packard Enterprise Co will post 1.47 earnings per share for the current year.
Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be paid a $0.1125 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. This represents a $0.45 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.
Several brokerages recently weighed in on HPE. Zacks Investment Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 16th. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 price objective for the company. Deutsche Bank increased their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets increased their price objective on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a $19.00 price objective (up from $15.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.36.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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