Summit Trail Advisors LLC Decreases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Summit Trail Advisors LLC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,562 shares of the technology company’s stock after selling 1,338 shares during the quarter. Summit Trail Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HPE. BOKF NA raised its stake in shares of Hewlett Packard Enterprise by 23.8% during the first quarter. BOKF NA now owns 4,673 shares of the technology company’s stock worth $84,000 after acquiring an additional 898 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Hewlett Packard Enterprise by 20.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock worth $36,662,000 after purchasing an additional 347,067 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 24.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company’s stock worth $866,000 after purchasing an additional 9,667 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Hewlett Packard Enterprise by 3.0% in the first quarter. California State Teachers Retirement System now owns 2,165,713 shares of the technology company’s stock worth $38,398,000 after purchasing an additional 63,020 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Hewlett Packard Enterprise by 36.5% in the first quarter. Comerica Bank now owns 266,326 shares of the technology company’s stock worth $4,722,000 after purchasing an additional 71,267 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $22.11 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $28.71 billion, a P/E ratio of 15.79, a P/E/G ratio of 3.45 and a beta of 1.19. The business has a fifty day simple moving average of $20.53 and a two-hundred day simple moving average of $19.70. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HPE shares. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Susquehanna restated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.21.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 26.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by company 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.