Harbor Island Capital LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,851 shares of the technology company’s stock after selling 34,105 shares during the period. Hewlett Packard Enterprise accounts for 2.2% of Harbor Island Capital LLC’s portfolio, making the stock its 14th largest holding. Harbor Island Capital LLC’s holdings in Hewlett Packard Enterprise were worth $4,063,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Janiczek Wealth Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 7.4% in the second quarter. Janiczek Wealth Management LLC now owns 8,957 shares of the technology company’s stock valued at $151,000 after buying an additional 616 shares during the last quarter. ETF Managers Group LLC increased its position in Hewlett Packard Enterprise by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 43,917 shares of the technology company’s stock worth $700,000 after buying an additional 655 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Hewlett Packard Enterprise by 3.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after buying an additional 712 shares during the period. Aspen Grove Capital LLC increased its position in shares of Hewlett Packard Enterprise by 6.9% in the first quarter. Aspen Grove Capital LLC now owns 11,154 shares of the technology company’s stock worth $179,000 after purchasing an additional 721 shares during the period. Finally, Veritable L.P. increased its position in shares of Hewlett Packard Enterprise by 2.3% in the first quarter. Veritable L.P. now owns 32,632 shares of the technology company’s stock worth $520,000 after purchasing an additional 748 shares during the period. Institutional investors and hedge funds own 81.15% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of Hewlett Packard Enterprise stock traded up $0.07 during trading hours on Tuesday, hitting $17.07. The company’s stock had a trading volume of 3,869,505 shares, compared to its average volume of 12,644,027. Hewlett Packard Enterprise has a 12-month low of $11.90 and a 12-month high of $18.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.88. The business has a 50 day moving average price of $17.27 and a two-hundred day moving average price of $15.98. The company has a market cap of $21.90 billion, a PE ratio of 20.84, a PEG ratio of 3.01 and a beta of 1.25.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise will post 1.43 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.48 annualized dividend and a yield of 2.81%. Hewlett Packard Enterprise’s payout ratio is currently 58.54%.
Wall Street Analyst Weigh In
HPE has been the topic of a number of recent research reports. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. Citigroup started coverage on Hewlett Packard Enterprise in a report on Thursday, June 29th. They set a “neutral” rating and a $18.00 price objective for the company. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, August 30th. Morgan Stanley upped their price target on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 30th. Finally, Barclays decreased their price target on Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.33.
Check Out Our Latest Analysis on HPE
Insiders Place Their Bets
In other news, SVP Jeremy Cox sold 21,131 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total transaction of $373,173.46. Following the transaction, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the completion of the sale, the senior vice president now owns 615 shares in the company, valued at $10,860.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 434,884 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total value of $7,601,772.32. Following the completion of the sale, the chief executive officer now owns 1,370,291 shares of the company’s stock, valued at approximately $23,952,686.68. The disclosure for this sale can be found here. Insiders have sold 799,031 shares of company stock valued at $13,970,865 over the last ninety days. 0.53% of the stock is owned by insiders.
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.
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