Acadian Asset Management LLC Sells 435,278 Shares of Hewlett Packard Enterprise Co (HPE)

Acadian Asset Management LLC lowered its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 97.4% during the third quarter, Holdings Channel reports. The fund owned 11,419 shares of the technology company’s stock after selling 435,278 shares during the period. Acadian Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Hewlett Packard Enterprise by 16,531.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after buying an additional 8,431 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $137,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $158,000. Harfst & Associates Inc. bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $158,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Hewlett Packard Enterprise by 94.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock valued at $171,000 after buying an additional 5,087 shares during the last quarter. 80.27% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HPE opened at $14.70 on Friday. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The company has a market cap of $21.38 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.83 and a beta of 1.61.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio is presently 46.88%.

HPE has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $18.00 in a report on Tuesday, August 21st. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Tuesday, August 28th. Maxim Group reaffirmed a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Deutsche Bank lifted their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Finally, BMO Capital Markets cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $18.43.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the transaction, the insider now owns 87,828 shares in the company, valued at $1,493,076. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Keerti Melkote sold 102,284 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the transaction, the insider now owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. Insiders have sold 664,319 shares of company stock worth $10,978,971 in the last quarter. Company insiders own 1.18% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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