Oakworth Capital Inc. Cuts Stake in Hewlett Packard Enterprise Co (HPE)

Oakworth Capital Inc. lessened its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,084 shares of the technology company’s stock after selling 3,154 shares during the period. Oakworth Capital Inc.’s holdings in Hewlett Packard Enterprise were worth $113,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. WFG Advisors LP grew its holdings in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Hewlett Packard Enterprise by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after purchasing an additional 966 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $140,000. 83.49% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Alan Richard May sold 50,158 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $15.50, for a total value of $777,449.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Gomez sold 55,200 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now directly owns 45,004 shares of the company’s stock, valued at $608,904.12. The disclosure for this sale can be found here. Insiders sold a total of 793,488 shares of company stock valued at $11,281,745 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Co (NYSE:HPE) opened at $16.05 on Tuesday. The firm has a market cap of $25,629.69, a price-to-earnings ratio of 76.43, a price-to-earnings-growth ratio of 2.71 and a beta of 2.48. 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 Co has a fifty-two week low of $12.81 and a fifty-two week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 142.86%.

HPE has been the subject of a number of recent analyst reports. TheStreet raised shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Oppenheimer reaffirmed a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Sanford C. Bernstein reaffirmed a “buy” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.04.

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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).

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

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