Blair William & Co. IL Reduces Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Blair William & Co. IL trimmed its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 25.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,254 shares of the technology company’s stock after selling 17,843 shares during the quarter. Blair William & Co. IL’s holdings in Hewlett Packard Enterprise were worth $791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Liberty Wealth Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $170,000. Bank of Nova Scotia raised its stake in shares of Hewlett Packard Enterprise by 70.6% during the 1st quarter. Bank of Nova Scotia now owns 747,342 shares of the technology company’s stock valued at $11,531,000 after purchasing an additional 309,231 shares during the period. Banco Santander S.A. raised its stake in shares of Hewlett Packard Enterprise by 16.6% during the 1st quarter. Banco Santander S.A. now owns 11,597 shares of the technology company’s stock valued at $179,000 after purchasing an additional 1,647 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $241,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Hewlett Packard Enterprise by 14.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 121,989 shares of the technology company’s stock valued at $1,882,000 after purchasing an additional 15,327 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares of the company’s stock, valued at $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock valued at $2,436,000. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of analyst reports. Bank of America boosted their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Evercore ISI upped their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an “overweight” rating and a $30.00 target price on the stock. Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial upped their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 4th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.87.

Hewlett Packard Enterprise Trading Up 2.2%

Shares of HPE stock opened at $20.84 on Monday. The stock has a market capitalization of $27.35 billion, a PE ratio of 21.05, a P/E/G ratio of 3.00 and a beta of 1.37. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The business has a 50-day moving average of $19.61 and a 200 day moving average of $18.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 52.53%.

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.