Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Huntington National Bank

Huntington National Bank lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,934 shares of the technology company’s stock after selling 923 shares during the quarter. Huntington National Bank’s holdings in Hewlett Packard Enterprise were worth $346,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HPE. Avantax Advisory Services Inc. lifted its stake in shares of Hewlett Packard Enterprise by 4.9% in the first quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock valued at $315,000 after purchasing an additional 822 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after acquiring an additional 5,777,901 shares in the last quarter. Patten & Patten Inc. TN grew its holdings in shares of Hewlett Packard Enterprise by 26.9% in the 1st quarter. Patten & Patten Inc. TN now owns 20,523 shares of the technology company’s stock worth $364,000 after acquiring an additional 4,350 shares during the period. UniSuper Management Pty Ltd increased its stake in Hewlett Packard Enterprise by 40.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 218,314 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 62,818 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $886,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 1.3 %

HPE opened at $21.07 on Friday. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The business has a 50-day moving average of $19.87 and a two-hundred day moving average of $19.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $27.36 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. Hewlett Packard Enterprise’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HPE has been the topic of several research reports. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Company Profile

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.