US Bancorp DE Sells 11,763 Shares of Hewlett Packard Enterprise (NYSE:HPE)

US Bancorp DE lowered its position in Hewlett Packard Enterprise (NYSE:HPE) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,082 shares of the technology company’s stock after selling 11,763 shares during the period. US Bancorp DE’s holdings in Hewlett Packard Enterprise were worth $3,848,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HPE. Hazlett Burt & Watson Inc. increased its position 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 valued at $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Financial Management Professionals Inc. increased its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC increased its holdings in Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the firm’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 value of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 0.2 %

Shares of HPE stock opened at $20.01 on Tuesday. The firm has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $19.18. 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 company has a market capitalization of $25.99 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.71 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.60%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

Analyst Ratings Changes

A number of research firms have issued reports on HPE. Citigroup began coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Finally, Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.46.

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.