Raymond James Trust N.A. trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 30.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,174 shares of the technology company’s stock after selling 4,536 shares during the quarter. Raymond James Trust N.A.’s holdings in Hewlett Packard Enterprise were worth $149,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. OLD Point Trust & Financial Services N A increased its holdings in Hewlett Packard Enterprise by 14.6% in the 3rd quarter. OLD Point Trust & Financial Services N A now owns 144,600 shares of the technology company’s stock worth $2,127,000 after acquiring an additional 18,440 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Hewlett Packard Enterprise by 1.6% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 271,431 shares of the technology company’s stock worth $3,993,000 after acquiring an additional 4,313 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its holdings in Hewlett Packard Enterprise by 42.7% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 46,931 shares of the technology company’s stock worth $690,000 after acquiring an additional 14,037 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Hewlett Packard Enterprise by 6.9% in the 3rd quarter. LS Investment Advisors LLC now owns 68,177 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 4,390 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $280,000. 81.35% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Company (NYSE HPE) opened at 14.28 on Friday. The stock’s 50 day moving average price is $14.28 and its 200-day moving average price is $13.89. Hewlett Packard Enterprise Company has a 52-week low of $12.51 and a 52-week high of $15.12. The company has a market capitalization of $23.13 billion, a P/E ratio of 198.33 and a beta of 2.71.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts predict that Hewlett Packard Enterprise Company will post $1.38 earnings per share for the current fiscal year.
Hewlett Packard Enterprise declared that its board has authorized a share buyback program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/10/29/raymond-james-trust-n-a-has-149000-position-in-hewlett-packard-enterprise-company-hpe.html.
In other news, EVP Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the sale, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 251,268 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $17.40, for a total value of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at $15,051,365.40. The disclosure for this sale can be found here. Insiders sold 3,265,866 shares of company stock worth $49,009,446 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.
HPE has been the subject of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. UBS AG lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $15.00 in a report on Friday, October 20th. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Robert W. Baird reissued a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $17.79.
Hewlett Packard Enterprise Profile
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).
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 Company (NYSE:HPE).
What are top analysts saying about Hewlett Packard Enterprise Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hewlett Packard Enterprise Company and related companies.