Hewlett Packard Enterprise (NYSE:HPE) Holdings Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 20.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 489,962 shares of the technology company’s stock after selling 122,405 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Hewlett Packard Enterprise were worth $10,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $35,000. Finally, American National Bank grew its holdings in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 0.3 %

Shares of Hewlett Packard Enterprise stock opened at $18.88 on Wednesday. The stock has a 50-day simple moving average of $18.59 and a 200-day simple moving average of $18.63. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.75%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HPE. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. 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. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Monday. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Profile

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.