Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 25.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,254 shares of the technology company's stock after selling 17,843 shares during the period. Blair William & Co. IL's holdings in Hewlett Packard Enterprise were worth $791,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HPE. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the 1st quarter worth about $25,000. Bruce G. Allen Investments LLC grew 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 worth $26,000 after acquiring an additional 1,318 shares in the last quarter. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HPE. Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a "buy" rating and a $25.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Evercore ISI raised their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, UBS Group raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.87.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock valued at $2,436,000 over the last three months. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

HPE traded up $0.73 during trading on Tuesday, reaching $21.32. 17,056,817 shares of the company's stock were exchanged, compared to its average volume of 14,976,586. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The stock has a market capitalization of $27.97 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37. The company's fifty day simple moving average is $19.75 and its 200-day simple moving average is $18.28.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.4%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

About Hewlett Packard Enterprise

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.