LSV Asset Management Sells 506,030 Shares of Hewlett Packard Enterprise (NYSE:HPE)

LSV Asset Management lowered its position in Hewlett Packard Enterprise (NYSE:HPE) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,060,346 shares of the technology company’s stock after selling 506,030 shares during the quarter. LSV Asset Management owned approximately 1.16% of Hewlett Packard Enterprise worth $318,828,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the period. ORG Partners LLC increased its position 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 valued at $39,000 after purchasing an additional 1,282 shares during the period. American National Bank raised its holdings in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after purchasing an additional 920 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $35,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $51,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.11 during mid-day trading on Friday, reaching $17.53. 16,208,756 shares of the company traded hands, compared to its average volume of 15,067,393. The firm’s fifty day moving average is $19.38 and its two-hundred day moving average is $18.48. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Buying and Selling

In related news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold 90,141 shares of company stock valued at $1,874,608 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HPE shares. Sanford C. Bernstein boosted their price objective on shares of 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. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.09.

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.