Accident Compensation Corp Cuts Holdings in Hewlett Packard Enterprise Company (HPE)

Accident Compensation Corp lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 78.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,497 shares of the technology company’s stock after selling 58,000 shares during the quarter. Accident Compensation Corp’s holdings in Hewlett Packard Enterprise were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Dodge & Cox boosted its position in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after acquiring an additional 25,852,541 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after acquiring an additional 16,592,308 shares during the period. Pzena Investment Management LLC boosted its position in shares of Hewlett Packard Enterprise by 69.7% in the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after acquiring an additional 15,431,606 shares during the period. Victory Capital Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock valued at $170,315,000 after acquiring an additional 6,081,628 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Hewlett Packard Enterprise by 71.0% in the third quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock valued at $181,763,000 after acquiring an additional 5,177,979 shares during the period. Hedge funds and other institutional investors own 83.46% of the company’s stock.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the transaction, the chief executive officer now owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alan Richard May sold 42,314 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the transaction, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,962,587 shares of company stock worth $41,881,180. Company insiders own 0.87% of the company’s stock.

HPE has been the subject of a number of analyst reports. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Loop Capital assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 target price for the company. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Friday, September 1st. Finally, Oppenheimer reiterated a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned 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 price target of $16.86.

Shares of Hewlett Packard Enterprise Company (HPE) traded up $0.08 during midday trading on Thursday, hitting $14.16. 7,091,000 shares of the company traded hands, compared to its average volume of 12,254,297. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Company has a 12 month low of $12.81 and a 12 month high of $24.88. The stock has a market capitalization of $22,457.60, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.37 and a beta of 2.48.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. equities analysts predict that Hewlett Packard Enterprise Company will post 1.19 EPS for the current year.

Hewlett Packard Enterprise announced that its board has approved a stock buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s payout ratio is 123.82%.

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Hewlett Packard Enterprise Company 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).

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

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