OLD National Bancorp IN Has $232,000 Stake in Hewlett Packard Enterprise Company (HPE)

OLD National Bancorp IN lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,802 shares of the technology company’s stock after selling 15,780 shares during the period. OLD National Bancorp IN’s holdings in Hewlett Packard Enterprise were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. WFG Advisors LP boosted its holdings in Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after buying an additional 266 shares in the last quarter. Finally, Harfst & Associates Inc. boosted its holdings in Hewlett Packard Enterprise by 42.5% during the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after buying an additional 2,287 shares in the last quarter. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on HPE shares. Barclays PLC reissued a “sell” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Loop Capital started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 price objective on the stock. Finally, Maxim Group reissued a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $17.79.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the transaction, the executive vice president now directly owns 494,360 shares in the company, valued at approximately $7,351,133.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total transaction of $6,873,743.52. Following the transaction, the chief executive officer now owns 962,433 shares in the company, valued at $16,977,318.12. The disclosure for this sale can be found here. Insiders have sold a total of 3,222,617 shares of company stock worth $46,989,767 over the last quarter. 0.87% of the stock is currently owned by insiders.

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Hewlett Packard Enterprise Company (NYSE:HPE) opened at $13.50 on Friday. The stock has a market capitalization of $22.07 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.75 and a beta of 2.59. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. research 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 approved a share buyback plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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