B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 26.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,498 shares of the technology companys stock after selling 16,187 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Funds holdings in Hewlett Packard Enterprise were worth $665,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $158,000. Howard Capital Management Inc. raised its position in Hewlett Packard Enterprise by 4,348.2% during the 1st quarter. Howard Capital Management Inc. now owns 629,026 shares of the technology companys stock worth $11,035,000 after buying an additional 614,885 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 761,962 shares of the technology companys stock worth $11,132,000 after buying an additional 19,182 shares during the last quarter. First Trust Advisors LP raised its position in Hewlett Packard Enterprise by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 8,603,281 shares of the technology companys stock worth $125,694,000 after buying an additional 1,250,834 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $2,452,000. 82.77% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Antonio F. Neri sold 82,893 shares of the businesss stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the transaction, the insider now directly owns 87,828 shares of the companys stock, valued at $1,493,076. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Antonio F. Neri sold 36,556 shares of the businesss stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $16.50, for a total value of $603,174.00. Following the transaction, the insider now directly owns 170,721 shares of the companys stock, valued at $2,816,896.50. The disclosure for this sale can be found here. Insiders have sold 1,022,704 shares of company stock worth $16,407,171 over the last quarter. Insiders own 1.18% of the companys stock.
HPE has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research report on Friday, August 31st. Oppenheimer set a $20.00 target price on shares of Hewlett Packard Enterprise and gave the company a buy rating in a report on Tuesday, August 28th. Raymond James cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an outperform rating for the company in a report on Wednesday, August 29th. UBS Group began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a hold rating and a $17.00 target price for the company. Finally, Pivotal Research cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a hold rating for the company in a report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. Hewlett Packard Enterprise currently has an average rating of Hold and an average target price of $17.68.
HPE traded down $0.71 on Friday, hitting $16.14. The company had a trading volume of 12,794,701 shares, compared to its average volume of 11,561,202. The firm has a market cap of $24.00 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprises revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a yield of 2.79%. Hewlett Packard Enterprises dividend payout ratio (DPR) is presently 46.88%.
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