Hewlett Packard Enterprise Company (HPE) Stake Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,372,384 shares of the technology company’s stock after selling 261,581 shares during the period. Principal Financial Group Inc. owned about 0.14% of Hewlett Packard Enterprise Company worth $56,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of Hewlett Packard Enterprise Company by 15.3% in the first quarter. OppenheimerFunds Inc. now owns 278,373 shares of the technology company’s stock valued at $6,597,000 after buying an additional 36,940 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of Hewlett Packard Enterprise Company during the first quarter valued at approximately $266,000. Municipal Employees Retirement System of Michigan increased its position in shares of Hewlett Packard Enterprise Company by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 61,550 shares of the technology company’s stock valued at $1,459,000 after buying an additional 680 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise Company by 10.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 34,076 shares of the technology company’s stock valued at $808,000 after buying an additional 3,177 shares during the last quarter. Finally, AXA increased its position in shares of Hewlett Packard Enterprise Company by 103.9% in the first quarter. AXA now owns 3,503,832 shares of the technology company’s stock valued at $83,041,000 after buying an additional 1,785,040 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Hewlett Packard Enterprise Company (HPE) traded down 0.18% on Friday, hitting $16.49. 15,010,511 shares of the stock traded hands. The stock has a 50 day moving average price of $18.19 and a 200-day moving average price of $17.74. Hewlett Packard Enterprise Company has a 52 week low of $12.71 and a 52 week high of $19.16. The stock has a market cap of $27.09 billion, a price-to-earnings ratio of 12.50 and a beta of 2.69.

Hewlett Packard Enterprise Company (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise Company had a return on equity of 9.80% and a net margin of 4.85%. The company’s revenue was down 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post $1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise Company’s dividend payout ratio is presently 20.16%.

TRADEMARK VIOLATION NOTICE: “Hewlett Packard Enterprise Company (HPE) Stake Decreased by Principal Financial Group Inc.” was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.wkrb13.com/markets/2230330/hewlett-packard-enterprise-company-hpe-stake-decreased-by-principal-financial-group-inc.html.

Several brokerages have recently commented on HPE. Mizuho reissued a “neutral” rating on shares of Hewlett Packard Enterprise Company in a report on Friday, June 9th. Robert W. Baird reissued a “hold” rating and issued a $19.00 target price on shares of Hewlett Packard Enterprise Company in a report on Wednesday, June 7th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise Company in a report on Monday, June 5th. Zacks Investment Research raised Hewlett Packard Enterprise Company from a “strong sell” rating to a “hold” rating in a report on Monday, June 5th. Finally, Berenberg Bank set a $17.00 target price on Hewlett Packard Enterprise Company and gave the stock a “hold” rating in a report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise Company currently has an average rating of “Hold” and a consensus price target of $22.08.

In other news, SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the completion of the sale, the senior vice president now owns 10,352 shares of the company’s stock, valued at $196,584.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher P. Hsu sold 72,935 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $18.28, for a total value of $1,333,251.80. Following the completion of the sale, the executive vice president now directly owns 82,582 shares of the company’s stock, valued at approximately $1,509,598.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 231,154 shares of company stock valued at $4,507,382. Corporate insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230330/hewlett-packard-enterprise-company-hpe-stake-decreased-by-principal-financial-group-inc.html

Receive News & Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.