Meeder Asset Management Inc. lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 73.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,856 shares of the technology company’s stock after selling 149,580 shares during the period. Meeder Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $877,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its position in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock worth $117,000 after buying an additional 675 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock worth $119,000 after buying an additional 250 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $125,000. Harfst & Associates Inc. acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $127,000. Finally, James Investment Research Inc. boosted its position in Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock worth $132,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (HPE) traded up 1.05% during midday trading on Friday, hitting $17.30. The stock had a trading volume of 5,279,450 shares. The stock has a market cap of $28.42 billion, a PE ratio of 13.12 and a beta of 2.74. The stock’s 50-day moving average is $17.20 and its 200-day moving average is $17.61. Hewlett Packard Enterprise Company has a 12 month low of $15.46 and a 12 month high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. Hewlett Packard Enterprise’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.
A number of equities analysts have issued reports on the company. Berenberg Bank set a $17.00 price target on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Saturday, June 3rd. Tigress Financial assumed coverage on Hewlett Packard Enterprise in a report on Monday, April 17th. They set a “neutral” rating on the stock. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Finally, Barclays PLC lowered their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $21.87.
In other news, SVP Kirt P. Karros sold 20,344 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $18.90, for a total value of $384,501.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total value of $2,208,928.32. Following the transaction, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at $14,454,500.91. The disclosure for this sale can be found here. Insiders have sold 1,612,328 shares of company stock valued at $28,048,424 in the last three months. 0.87% of the stock is currently owned by corporate insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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