Huntington National Bank lessened its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 44,646 shares of the technology company’s stock after selling 2,665 shares during the period. Huntington National Bank’s holdings in Hewlett Packard Enterprise were worth $668,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Cerebellum GP LLC purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Liberty Wealth Management LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $34,000. Truewealth LLC grew its stake in Hewlett Packard Enterprise by 72.7% during the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Thor Advisors LLC purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at about $37,000. Finally, Truvestments Capital LLC purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 81.80% of the company’s stock.
In other news, insider Philip Davis sold 16,412 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total value of $235,183.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Irv Rothman sold 84,629 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. In the last three months, insiders sold 111,129 shares of company stock valued at $1,558,212. Corporate insiders own 0.56% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.112 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.45 annualized dividend and a dividend yield of 3.05%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
HPE has been the subject of several research reports. Longbow Research initiated coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They set a “neutral” rating and a $15.00 price objective for the company. Evercore ISI initiated coverage on shares of Sensata Technologies in a research note on Wednesday, June 5th. They set an “in-line” rating and a $50.00 price objective for the company. Zacks Investment Research cut shares of Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Daiwa Capital Markets initiated coverage on shares of Hewlett Packard Enterprise in a research note on Monday, April 1st. They set a “hold” rating and a $16.00 price objective for the company. Finally, Nomura dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.50.
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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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