Whale Rock Capital Management LLC Sells 1,386,862 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Whale Rock Capital Management LLC reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 27.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,741,891 shares of the technology company's stock after selling 1,386,862 shares during the quarter. Whale Rock Capital Management LLC owned approximately 0.29% of Hewlett Packard Enterprise worth $76,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HPE. Cetera Investment Advisers grew its position in shares of Hewlett Packard Enterprise by 455.7% in the 1st 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 last quarter. Cetera Advisors LLC raised its holdings in Hewlett Packard Enterprise by 39.8% in the 1st quarter. Cetera Advisors LLC now owns 55,388 shares of the technology company's stock worth $982,000 after purchasing an additional 15,774 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Hewlett Packard Enterprise by 16.9% in the 2nd quarter. GAMMA Investing LLC now owns 5,421 shares of the technology company's stock worth $115,000 after purchasing an additional 783 shares during the period. Mather Group LLC. boosted its stake in shares of Hewlett Packard Enterprise by 24.6% during the 2nd quarter. Mather Group LLC. now owns 8,374 shares of the technology company's stock valued at $177,000 after purchasing an additional 1,653 shares in the last quarter. Finally, CWM LLC increased its position in shares of Hewlett Packard Enterprise by 41.9% during the second quarter. CWM LLC now owns 61,979 shares of the technology company's stock valued at $1,312,000 after buying an additional 18,308 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were 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 owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Up 10.5 %

Shares of Hewlett Packard Enterprise stock traded up $2.28 on Friday, reaching $23.93. The company's stock had a trading volume of 29,525,757 shares, compared to its average volume of 15,203,704. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 3.33 and a beta of 1.21. 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 has a 52 week low of $14.47 and a 52 week high of $24.24. The firm's fifty day simple moving average is $20.83 and its two-hundred day simple moving average is $19.85.

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 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 business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter 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. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.17%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Analyst Ratings Changes

Several research firms have weighed in on HPE. UBS Group lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Barclays upped their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their target price for the stock from $23.00 to $26.00 in a research report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.36.

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.