Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 508,903 shares of the technology company’s stock after selling 1,170 shares during the period. Nisa Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $10,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 purchasing an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after acquiring an additional 23,035,594 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after acquiring an additional 822,722 shares during the last quarter. Legal & General Group Plc increased its position in shares of Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after acquiring an additional 617,691 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Hewlett Packard Enterprise by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock valued at $200,776,000 after acquiring an additional 237,321 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 2.4 %

Hewlett Packard Enterprise stock opened at $20.35 on Thursday. The stock has a market cap of $26.45 billion, a PE ratio of 14.85, a P/E/G ratio of 3.79 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. The stock’s fifty day moving average is $19.34 and its two-hundred day moving average is $19.11. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.56%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Citigroup assumed coverage on shares of 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. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.46.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 83,334 shares of the firm’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 transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were 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 in the company, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by 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.