Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 22.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 25,558 shares of the technology company’s stock after selling 7,252 shares during the period. EP Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates lifted its stake in Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after acquiring an additional 108,971 shares in the last quarter. Nordea Investment Management AB increased its holdings in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares during the period. Sei Investments Co. increased its holdings in Hewlett Packard Enterprise by 56.1% during the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after purchasing an additional 475,397 shares during the period. Mackenzie Financial Corp increased its holdings in Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after purchasing an additional 196,112 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.31 during midday trading on Friday, hitting $19.76. The company had a trading volume of 7,954,784 shares, compared to its average volume of 10,662,543. The company’s 50 day simple moving average is $20.19 and its 200 day simple moving average is $17.85. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.63%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. Evercore ISI upped their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Susquehanna upped their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.08.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,141 shares of company stock worth $2,850,108. 0.40% of the stock is currently owned by insiders.

About Hewlett Packard Enterprise

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.