Private Advisor Group LLC Sells 5,826 Shares of Hewlett Packard Enterprise Company (HPE)

Private Advisor Group LLC decreased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,450 shares of the technology company’s stock after selling 5,826 shares during the quarter. Private Advisor Group LLC’s holdings in Hewlett Packard Enterprise were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPE. OMERS ADMINISTRATION Corp acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth about $2,193,000. Synovus Financial Corp lifted its holdings in Hewlett Packard Enterprise by 11.5% during the 2nd quarter. Synovus Financial Corp now owns 254,871 shares of the technology company’s stock worth $4,226,000 after buying an additional 26,288 shares during the period. Motco lifted its holdings in Hewlett Packard Enterprise by 929.3% during the 2nd quarter. Motco now owns 10,633 shares of the technology company’s stock worth $176,000 after buying an additional 9,600 shares during the period. Budros Ruhlin & Roe Inc. lifted its holdings in Hewlett Packard Enterprise by 1.4% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock worth $409,000 after buying an additional 352 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Hewlett Packard Enterprise by 40.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,073,920 shares of the technology company’s stock worth $250,075,000 after buying an additional 4,339,462 shares during the period. 83.46% of the stock is currently owned by institutional investors.

In related news, EVP Henry Gomez sold 494,360 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Insiders sold a total of 2,962,587 shares of company stock valued at $41,881,180 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Several brokerages have commented on HPE. Sanford C. Bernstein reaffirmed a “buy” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Loop Capital began coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 target price on the stock. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.49.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) traded down $0.01 during trading hours on Wednesday, hitting $14.50. The stock had a trading volume of 12,199,800 shares, compared to its average volume of 12,209,309. The firm has a market cap of $23,255.10, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 2.45 and a beta of 2.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. Hewlett Packard Enterprise Company has a 12 month low of $12.81 and a 12 month high of $24.88.

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

Hewlett Packard Enterprise announced that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 123.82%.

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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).

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

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