Retirement Capital Strategies held its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, Holdings Channel reports. The firm owned 28,172 shares of the technology company’s stock at the end of the second quarter. Hewlett Packard Enterprise accounts for 0.3% of Retirement Capital Strategies’ portfolio, making the stock its 14th largest position. Retirement Capital Strategies’ holdings in Hewlett Packard Enterprise were worth $472,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HPE. State of Alaska Department of Revenue purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth $125,000. Harfst & Associates Inc. acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $127,000. James Investment Research Inc. increased its position in shares of 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 in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of 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 in the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in shares of Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after buying an additional 43 shares in the last quarter. 79.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hewlett Packard Enterprise Company (HPE) opened at 17.30 on Friday. The firm has a market capitalization of $28.42 billion, a P/E ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise Company has a 12-month low of $15.49 and a 12-month high of $19.16. The stock’s 50 day moving average price is $17.30 and its 200-day moving average price is $17.63. Hewlett Packard Enterprise also saw some unusual options trading activity on Tuesday. Stock investors purchased 19,342 call options on the company. This is an increase of approximately 647% compared to the typical volume of 2,590 call options.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts expect that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 20.16%.
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A number of equities analysts have issued reports on HPE shares. CIBC lowered their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Credit Suisse Group reissued an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $21.87.
In other news, CEO Margaret C. Whitman sold 132,192 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,454,500.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. Following the transaction, the senior vice president now owns 10,352 shares in the company, valued at approximately $196,584.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,981,652 shares of company stock valued at $34,537,666 in the last three months. Company insiders own 0.87% of the company’s stock.
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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