Intech Investment Management LLC Sells 1,264,817 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Intech Investment Management LLC lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 72.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,787 shares of the technology company’s stock after selling 1,264,817 shares during the quarter. Intech Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $10,009,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. lifted its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the period. Rise Advisors LLC boosted its stake in 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 in the last quarter. ORG Partners LLC grew 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 valued at $39,000 after acquiring an additional 1,282 shares during the period. Finally, American National Bank raised its stake in Hewlett Packard Enterprise by 89.4% during the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated Friday, September 13th. The stock was 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 $1,395,037. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HPE shares. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $21.08.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $18.81 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The stock has a market capitalization of $24.45 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.97 and a beta of 1.19. The business has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $18.62.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly 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 net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

About Hewlett Packard Enterprise

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.