Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,204 shares of the technology company’s stock after selling 1,276 shares during the period. Thrivent Financial for Lutherans’ holdings in Hewlett Packard Enterprise were worth $2,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $28,000. American National Bank lifted its holdings in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. Finally, ORG Partners LLC boosted its stake in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HPE has been the topic of several research reports. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Sanford C. Bernstein raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $21.31.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.6 %

Shares of NYSE HPE opened at $20.46 on Tuesday. The firm has a market capitalization of $26.59 billion, a PE ratio of 14.93, a PEG ratio of 3.05 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $18.55 and a two-hundred day moving average price of $18.70.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly 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. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. As a group, analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.54%. Hewlett Packard Enterprise’s dividend payout ratio is 37.96%.

Hewlett Packard Enterprise Company 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.