Hewlett Packard Enterprise Company (HPE) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,697 shares of the technology company’s stock after selling 4,515 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFG Advisors LP boosted its stake in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the 2nd 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 during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 3.2% in the 2nd 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 during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Hewlett Packard Enterprise by 4.1% in the 2nd 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 during the last quarter. Finally, Harfst & Associates Inc. boosted its stake in shares of Hewlett Packard Enterprise by 42.5% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

In other news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at $16,977,318.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 56,170 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. Following the sale, the chief financial officer now owns 177,634 shares of the company’s stock, valued at $2,449,572.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,222,617 shares of company stock valued at $46,989,767. Company insiders own 0.87% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) opened at $13.50 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. Hewlett Packard Enterprise Company has a 1 year low of $12.97 and a 1 year high of $19.16. The stock has a market cap of $21,862.76, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.74 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 EPS for the current year.

Hewlett Packard Enterprise announced that its board has authorized a share buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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A number of equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $17.50 target price (down previously from $22.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Mizuho reiterated a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $15.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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).

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

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