Maverick Capital Ltd. Decreases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Maverick Capital Ltd. cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 67.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,839 shares of the technology company's stock after selling 89,762 shares during the quarter. Maverick Capital Ltd.'s holdings in Hewlett Packard Enterprise were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Capital Investment Counsel Inc raised its holdings in Hewlett Packard Enterprise by 1.2% in the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after purchasing an additional 536 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after buying an additional 579 shares in the last quarter. Finally, Bailard Inc. boosted its holdings in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company'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 directly owns 7,771 shares in the company, valued at approximately $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Citigroup upped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Finally, Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.21.

Hewlett Packard Enterprise Trading Up 0.1 %

NYSE:HPE traded up $0.03 on Monday, reaching $21.25. The company's stock had a trading volume of 12,694,772 shares, compared to its average volume of 15,140,871. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The stock has a 50 day moving average price of $20.72 and a 200 day moving average price of $19.80. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.

Hewlett Packard Enterprise Company 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.