MidWestOne Financial Group Inc. Trims Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

MidWestOne Financial Group Inc. lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 22,208 shares of the technology company’s stock after selling 1,152 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Hewlett Packard Enterprise were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Rise Advisors LLC increased its holdings 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 worth $26,000 after acquiring an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in 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 worth $28,000 after acquiring an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $28,000. American National Bank increased its holdings in Hewlett Packard Enterprise by 89.4% in the 1st 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. Finally, ORG Partners LLC increased its holdings in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,282 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 1.0 %

NYSE HPE opened at $20.14 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a market capitalization of $26.18 billion, a P/E ratio of 14.70, a P/E/G ratio of 3.05 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The stock has a 50 day moving average price of $18.56 and a 200-day moving average price of $18.67.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.58%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus increased 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. Susquehanna restated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Sanford C. Bernstein upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.31.

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.