Oakbrook Investments LLC cut its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 86,705 shares of the technology company’s stock after selling 1,500 shares during the period. Oakbrook Investments LLC’s holdings in Hewlett Packard Enterprise were worth $2,055,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hartford Investment Management Co. increased its position in Hewlett Packard Enterprise by 1.8% in the first quarter. Hartford Investment Management Co. now owns 413,359 shares of the technology company’s stock valued at $9,797,000 after buying an additional 7,228 shares during the last quarter. Boston Advisors LLC increased its position in Hewlett Packard Enterprise by 5.2% in the first quarter. Boston Advisors LLC now owns 19,765 shares of the technology company’s stock valued at $468,000 after buying an additional 976 shares during the last quarter. DnB Asset Management AS increased its position in Hewlett Packard Enterprise by 1,606.5% in the first quarter. DnB Asset Management AS now owns 2,817,112 shares of the technology company’s stock valued at $66,766,000 after buying an additional 2,652,032 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise during the first quarter valued at $410,000. Finally, Reilly Financial Advisors LLC increased its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 79.10% of the company’s stock.
Hewlett Packard Enterprise Co (NYSE:HPE) traded up 0.94% during mid-day trading on Thursday, reaching $18.33. The company’s stock had a trading volume of 10,243,906 shares. The stock has a market cap of $30.39 billion, a price-to-earnings ratio of 9.94 and a beta of 3.05. Hewlett Packard Enterprise Co has a 12-month low of $15.38 and a 12-month high of $24.88. The firm’s 50 day moving average price is $21.20 and its 200 day moving average price is $22.61.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the business earned $0.41 EPS. Hewlett Packard Enterprise’s revenue was down 10.4% on a year-over-year basis. On average, equities analysts predict that Hewlett Packard Enterprise Co will post $1.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.42%. Hewlett Packard Enterprise’s payout ratio is currently 14.21%.
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Several research firms have weighed in on HPE. Oppenheimer Holdings Inc. set a $21.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Monday. Tigress Financial began coverage on Hewlett Packard Enterprise in a research note on Monday. They issued a “neutral” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Monday, April 10th. Mizuho restated a “neutral” rating and issued a $17.00 price target (down from $22.00) on shares of Hewlett Packard Enterprise in a research note on Sunday, April 9th. Finally, CIBC dropped their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $22.83.
In other news, EVP John F. Schultz sold 39,608 shares of the stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $18.23, for a total value of $722,053.84. Following the transaction, the executive vice president now owns 61,078 shares in the company, valued at approximately $1,113,451.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael G. Nefkens sold 831,311 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $22.41, for a total value of $18,629,679.51. Following the completion of the transaction, the executive vice president now owns 474,245 shares in the company, valued at approximately $10,627,830.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,500,214 shares of company stock worth $33,569,384. Company insiders own 0.87% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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