Virtu Financial LLC reduced its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 40.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 53,832 shares of the technology company’s stock after selling 35,943 shares during the quarter. Virtu Financial LLC’s holdings in Hewlett Packard Enterprise were worth $878,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HPE. Migdal Insurance & Financial Holdings Ltd. raised its position in Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $137,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $158,000. Harfst & Associates Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $158,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Hewlett Packard Enterprise by 94.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock valued at $171,000 after acquiring an additional 5,087 shares during the last quarter. 78.92% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the transaction, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the transaction, the insider now directly owns 87,828 shares of the company’s stock, valued at $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 664,319 shares of company stock valued at $10,978,971 in the last three months. 1.18% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 46.88%.
HPE has been the subject of several recent research reports. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Oppenheimer set a $20.00 target price on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday, August 28th. Maxim Group reiterated a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Deutsche Bank upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets dropped their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $18.43.
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Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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