Bosman Wealth Management LLC Sells 49,835 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Bosman Wealth Management LLC lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 80.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,398 shares of the technology company's stock after selling 49,835 shares during the quarter. Bosman Wealth Management LLC's holdings in Hewlett Packard Enterprise were worth $191,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after acquiring an additional 681,242 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Boston Partners increased its holdings in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after acquiring an additional 2,058,562 shares in the last quarter. Slate Path Capital LP increased its holdings in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Hewlett Packard Enterprise by 9.4% in the fourth quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock worth $164,228,000 after acquiring an additional 658,117 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction on 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. In the last 90 days, insiders have sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.27 on Friday. The stock's fifty day moving average price is $18.28 and its two-hundred day moving average price is $18.61. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one 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 firm has a market cap of $27.91 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analysts Set New Price Targets

HPE has been the subject of several recent analyst reports. UBS Group increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Raymond James Financial increased their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Bank of America raised their price target on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Barclays raised their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Finally, Morgan Stanley raised their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.85.

Hewlett Packard Enterprise Company 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.

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