Hewlett Packard Enterprise (NYSE:HPE) Holdings Decreased by Western Wealth Management LLC

Western Wealth Management LLC decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,540 shares of the technology company’s stock after selling 555 shares during the quarter. Western Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HPE. International Assets Investment Management LLC boosted its position in Hewlett Packard Enterprise by 15.1% during the fourth quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock valued at $1,240,000 after purchasing an additional 9,578 shares during the last quarter. Cerity Partners LLC boosted its position in Hewlett Packard Enterprise by 141.5% during the fourth quarter. Cerity Partners LLC now owns 92,484 shares of the technology company’s stock valued at $1,571,000 after purchasing an additional 54,182 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $1,318,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hewlett Packard Enterprise by 0.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 237,457 shares of the technology company’s stock valued at $4,032,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Hewlett Packard Enterprise by 8.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 132,489 shares of the technology company’s stock valued at $2,249,000 after purchasing an additional 10,477 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerri Gold sold 22,784 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock valued at $2,850,108 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.09 during mid-day trading on Monday, hitting $18.76. 1,550,084 shares of the company’s stock traded hands, compared to its average volume of 15,202,704. The firm has a 50 day moving average of $20.10 and a two-hundred day moving average of $18.13. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.77%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HPE. Susquehanna lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Evercore ISI boosted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, UBS Group boosted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.08.

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.