Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 24.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,613,495 shares of the technology company’s stock after selling 521,365 shares during the period. LPL Financial LLC owned approximately 0.12% of Hewlett Packard Enterprise worth $34,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HPE. Nordea Investment Management AB raised its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares during the last quarter. Sei Investments Co. lifted its position in Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after purchasing an additional 475,397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Hewlett Packard Enterprise by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after purchasing an additional 196,112 shares in the last quarter. Cetera Investment Advisers increased its position in Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares during the period. Finally, Guidance Capital Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $931,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $17.23 on Tuesday. The stock has a fifty day moving average price of $18.91 and a 200 day moving average price of $18.59. 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 52 week low of $14.47 and a 52 week high of $22.82. The firm has a market capitalization of $22.39 billion, a P/E ratio of 12.58, a PEG ratio of 1.97 and a beta of 1.19.

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 company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Hewlett Packard Enterprise’s revenue was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.02%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HPE shares. UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. 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 research report on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.83.

Hewlett Packard Enterprise 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.