Metis Global Partners LLC Has $1.66 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Metis Global Partners LLC decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,272 shares of the technology company’s stock after selling 1,996 shares during the period. Metis Global Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,663,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. KBC Group NV lifted its holdings in Hewlett Packard Enterprise by 9.9% in the third quarter. KBC Group NV now owns 797,184 shares of the technology company’s stock valued at $16,310,000 after buying an additional 71,704 shares during the period. Hourglass Capital LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.7% in the 3rd quarter. Hourglass Capital LLC now owns 136,750 shares of the technology company’s stock valued at $2,798,000 after purchasing an additional 3,600 shares during the period. Bell Bank bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $3,379,000. Empower Advisory Group LLC acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $201,000. Finally, Barnett & Company Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $1,692,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HPE shares. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $21.07 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a market cap of $27.36 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.39 and a beta of 1.19. 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 stock’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $19.43.

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 the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

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.