Janney Montgomery Scott LLC cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,597 shares of the technology company’s stock after selling 21,710 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hewlett Packard Enterprise were worth $1,589,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in HPE. Massmutual Trust Co. FSB ADV grew its position in Hewlett Packard Enterprise by 66.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,062 shares of the technology company’s stock worth $25,000 after buying an additional 821 shares in the last quarter. Horan Securities Inc. grew its position in Hewlett Packard Enterprise by 211.8% during the third quarter. Horan Securities Inc. now owns 2,214 shares of the technology company’s stock worth $27,000 after buying an additional 1,504 shares in the last quarter. Hoey Investments Inc. grew its position in Hewlett Packard Enterprise by 1,000.0% during the second quarter. Hoey Investments Inc. now owns 2,200 shares of the technology company’s stock worth $29,000 after buying an additional 2,000 shares in the last quarter. CX Institutional acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $30,000. Finally, LS Investment Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $32,000. 81.36% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Stock Up 0.8 %
NYSE:HPE opened at $16.45 on Monday. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.66 and a current ratio of 0.88. The stock’s fifty day moving average price is $15.90 and its two-hundred day moving average price is $14.33. Hewlett Packard Enterprise has a 52-week low of $11.90 and a 52-week high of $17.76.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.62). The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.42 billion. Hewlett Packard Enterprise had a net margin of 3.05% and a return on equity of 4.26%. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.45 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Wednesday, December 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.92%. The ex-dividend date was Tuesday, December 13th. Hewlett Packard Enterprise’s dividend payout ratio is 72.73%.
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 47,307 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $17.01, for a total value of $804,692.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 47,307 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $17.01, for a total transaction of $804,692.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 2,452 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $13.60, for a total value of $33,347.20. Following the transaction, the executive vice president now owns 9,360 shares in the company, valued at approximately $127,296. The disclosure for this sale can be found here. Insiders have sold a total of 338,197 shares of company stock worth $5,355,072 over the last 90 days. Insiders own 0.45% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on HPE shares. Susquehanna Bancshares lifted their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 30th. Susquehanna lifted their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a report on Wednesday, November 30th. StockNews.com started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.00.
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.
Further Reading
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hewlett Packard Enterprise, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hewlett Packard Enterprise wasn’t on the list.
While Hewlett Packard Enterprise currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
