Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,346 shares of the technology company’s stock after selling 1,500 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Hewlett Packard Enterprise by 7.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after purchasing an additional 666 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after purchasing an additional 693 shares in the last quarter. Montgomery Investment Management Inc. raised its holdings in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares in the last quarter. IMPACTfolio LLC raised its holdings in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised its stake in Hewlett Packard Enterprise by 2.8% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 26,078 shares of the technology company’s stock worth $453,000 after acquiring an additional 713 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.20 during midday trading on Friday, hitting $17.17. The company had a trading volume of 9,189,320 shares, compared to its average volume of 14,879,468. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07. The business has a 50-day simple moving average of $17.04 and a two-hundred day simple moving average of $16.41. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.13 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HPE shares. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Stifel Nicolaus cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.91.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.