Letko Brosseau & Associates Inc. lowered its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,539,427 shares of the technology company’s stock after selling 259,085 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.19% of Hewlett Packard Enterprise worth $37,964,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of HPE. Boston Partners lifted its stake in Hewlett Packard Enterprise by 197.6% in the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock worth $445,510,000 after acquiring an additional 19,172,670 shares during the last quarter. Banco Santander S.A. purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $19,618,000. State of New Jersey Common Pension Fund D raised its holdings in Hewlett Packard Enterprise by 275.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the technology company’s stock worth $22,425,000 after purchasing an additional 1,100,000 shares in the last quarter. Todd Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $15,576,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hewlett Packard Enterprise by 53.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,789,137 shares of the technology company’s stock worth $41,694,000 after purchasing an additional 970,938 shares in the last quarter. Institutional investors own 81.42% of the company’s stock.
Shares of Hewlett Packard Enterprise stock traded down $0.29 during trading on Thursday, reaching $12.57. The company’s stock had a trading volume of 6,576,232 shares, compared to its average volume of 9,187,927. The stock has a 50-day moving average price of $14.43. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.26 and a beta of 1.58. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $17.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Co will post 1.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.57%. Hewlett Packard Enterprise’s payout ratio is 28.85%.
A number of analysts have weighed in on the stock. Nomura cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Barclays assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 price objective on the stock. Longbow Research assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They set a “neutral” rating and a $15.00 price objective on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, May 22nd. Finally, Maxim Group set a $17.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Friday, August 2nd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.33.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 10,088 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total value of $150,916.48. Following the transaction, the insider now directly owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Irv Rothman sold 84,629 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. Insiders sold a total of 111,129 shares of company stock worth $1,558,212 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.