Meyer Handelman Co. trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,244 shares of the technology company’s stock after selling 12,600 shares during the quarter. Meyer Handelman Co.’s holdings in Hewlett Packard Enterprise were worth $3,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after buying an additional 108,971 shares during the period. Mackenzie Financial Corp increased its stake in shares of Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares in the last quarter. TCW Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $348,000. Truist Financial Corp increased its stake in shares of Hewlett Packard Enterprise by 1.5% in the 4th quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock worth $1,367,000 after purchasing an additional 1,190 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Hewlett Packard Enterprise by 49.0% in the 4th quarter. TD Asset Management Inc now owns 799,850 shares of the technology company’s stock worth $13,581,000 after purchasing an additional 263,182 shares in the last quarter. 80.78% of the stock is owned by institutional investors.
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,464 shares of company stock valued at $3,160,866. Insiders own 0.40% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Susquehanna upped their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Bank of America upped their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group upped their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.85.
Get Our Latest Stock Report on HPE
Hewlett Packard Enterprise Trading Down 2.6 %
Shares of Hewlett Packard Enterprise stock opened at $20.92 on Friday. The firm has a market cap of $27.19 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 3.09 and a beta of 1.18. The business has a 50-day moving average price of $18.35 and a 200-day moving average price of $17.16. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.
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.
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