Janney Montgomery Scott LLC Sells 48,944 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Janney Montgomery Scott LLC trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,848 shares of the technology company’s stock after selling 48,944 shares during the period. Janney Montgomery Scott LLC’s holdings in Hewlett Packard Enterprise were worth $4,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its position in Hewlett Packard Enterprise by 571.5% during the second 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 in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $28,000. Financial Management Professionals Inc. boosted its stake in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. ORG Partners LLC lifted its position 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 purchasing an additional 1,282 shares during the period. Finally, Rise Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPE. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target for the company. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.46.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 2.8 %

NYSE HPE opened at $22.04 on Friday. The firm has a market cap of $28.62 billion, a PE ratio of 15.74, a P/E/G ratio of 3.67 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The business’s fifty day simple moving average is $19.56 and its 200-day simple moving average is $19.27.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

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.