Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 195,848 shares of the technology company's stock after selling 48,944 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hewlett Packard Enterprise were worth $4,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CHICAGO TRUST Co NA increased its holdings in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock valued at $1,858,000 after acquiring an additional 36,704 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company's stock worth $23,455,000 after buying an additional 475,397 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company's stock worth $2,149,000 after buying an additional 99,394 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company's stock valued at $100,070,000 after buying an additional 463,965 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $26,995,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on HPE. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target for the company. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Susquehanna restated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $21.46.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company's stock, valued at $163,191. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,012 shares of company stock valued at $8,599,617. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded up $0.60 during midday trading on Friday, reaching $22.04. 14,164,862 shares of the company's stock traded hands, compared to its average volume of 11,446,589. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a market cap of $28.62 billion, a P/E ratio of 15.74, a PEG ratio of 3.67 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $19.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the previous year, the firm posted $0.35 EPS. Hewlett Packard Enterprise's revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. Hewlett Packard Enterprise's payout ratio is presently 37.14%.

Hewlett Packard Enterprise Profile

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.