Victory Capital Management Inc. Sells 223,632 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Victory Capital Management Inc. decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,951,861 shares of the technology company's stock after selling 223,632 shares during the period. Victory Capital Management Inc. owned 0.15% of Hewlett Packard Enterprise worth $39,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Financial Management Professionals Inc. boosted its position in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after buying an additional 637 shares during the last quarter. ORG Partners LLC increased its stake in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after buying an additional 1,282 shares during the period. Finally, Rise Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after acquiring an additional 625 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related 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 of the company's stock, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price on the stock. UBS Group boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Susquehanna restated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.46.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded down $0.27 on Friday, reaching $21.07. The company had a trading volume of 10,918,003 shares, compared to its average volume of 15,284,262. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $27.36 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19. The business's 50-day moving average is $19.87 and its 200 day moving average is $19.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the business earned $0.35 EPS. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 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.