Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,558,302 shares of the technology company's stock after selling 314,121 shares during the quarter. Bank of New York Mellon Corp owned 0.65% of Hewlett Packard Enterprise worth $132,055,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC boosted its holdings in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares during the period. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at $31,000. Institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,590 shares of company stock valued at $2,436,000. Corporate insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HPE shares. Wolfe Research started coverage on Hewlett Packard Enterprise in a report on Tuesday. They set a "peer perform" rating for the company. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Wall Street Zen cut Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. UBS Group boosted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial boosted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.15.

Hewlett Packard Enterprise Stock Down 2.7%

Shares of HPE traded down $0.57 during trading hours on Friday, hitting $20.72. The company had a trading volume of 20,877,305 shares, compared to its average volume of 17,070,948. The company has a market capitalization of $27.19 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company's fifty day moving average price is $18.36 and its two-hundred day moving average price is $18.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. As a group, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio 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.