Rathbones Group PLC Sells 2,556 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rathbones Group PLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,177 shares of the technology company’s stock after selling 2,556 shares during the quarter. Rathbones Group PLC’s holdings in Hewlett Packard Enterprise were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after acquiring an additional 237,321 shares in the last quarter. Nordea Investment Management AB grew its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after acquiring an additional 517,734 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Hewlett Packard Enterprise by 18.4% during the 1st quarter. Retirement Systems of Alabama now owns 4,448,812 shares of the technology company’s stock valued at $78,877,000 after purchasing an additional 691,080 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Hewlett Packard Enterprise by 336.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after purchasing an additional 3,291,880 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of several research analyst reports. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Barclays raised their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Finally, Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $21.08.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $18.21 on Wednesday. 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 twelve month low of $14.47 and a twelve month high of $22.82. The business’s fifty day moving average is $18.85 and its 200-day moving average is $18.61. The company has a market cap of $23.67 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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 firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders 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 dividend yield of 2.86%. Hewlett Packard Enterprise’s dividend payout ratio is 37.96%.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 13th. The stock was 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 $1,395,037. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

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.