SG Americas Securities LLC lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 84.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,876 shares of the technology company's stock after selling 547,717 shares during the quarter. SG Americas Securities LLC's holdings in Hewlett Packard Enterprise were worth $2,003,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Rise Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company's stock valued at $26,000 after buying an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of 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 worth $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $28,000. American National Bank grew its stake in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company's stock worth $35,000 after buying an additional 920 shares during the last quarter. Finally, ORG Partners LLC increased its position in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock worth $39,000 after buying an additional 1,282 shares during the period. Institutional investors own 80.78% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HPE shares. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Susquehanna restated a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Bank of America raised shares of 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 note on Tuesday, September 17th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 target price for the company. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.31.
Read Our Latest Research Report on HPE
Hewlett Packard Enterprise Stock Up 0.5 %
Shares of Hewlett Packard Enterprise stock traded up $0.11 during midday trading on Tuesday, hitting $20.97. The company's stock had a trading volume of 11,317,376 shares, compared to its average volume of 15,863,240. The stock has a 50-day simple moving average of $18.61 and a 200-day simple moving average of $18.82. 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 firm has a market capitalization of $27.25 billion, a P/E ratio of 15.31, a PEG ratio of 3.05 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.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the business posted $0.35 EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is 37.96%.
Insider Transactions at Hewlett Packard Enterprise
In related news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,242 shares of company stock worth $3,253,947 in the last 90 days. 0.40% of the stock is owned by insiders.
About Hewlett Packard Enterprise
(
Free Report)
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.
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