Bryce Point Capital LLC Lowers Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Bryce Point Capital LLC has decreased its stake in Hewlett Packard Enterprise by 24.9%, now holding 55,478 shares valued at approximately $856,000.
• Hewlett Packard Enterprise reported a quarterly earnings per share of $0.38, exceeding analysts' expectations, with revenue of $7.63 billion, up 5.9% from the previous year.
• The company recently announced a quarterly dividend of $0.13 per share, yielding 2.51% annually, with a payout ratio of 52.53%.

Bryce Point Capital LLC lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 24.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,478 shares of the technology company's stock after selling 18,398 shares during the period. Bryce Point Capital LLC's holdings in Hewlett Packard Enterprise were worth $856,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $119,067,000. Slate Path Capital LP increased its holdings in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp increased its holdings in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after purchasing an additional 3,077,046 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $60,040,000. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 price objective for the company. Raymond James Financial increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.67.

Hewlett Packard Enterprise Stock Down 0.4%

Shares of NYSE HPE traded down $0.09 during trading on Thursday, hitting $20.81. 5,691,306 shares of the company traded hands, compared to its average volume of 19,112,352. The business's fifty day moving average is $19.23 and its 200 day moving average is $18.50. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its 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 company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. Equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business'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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company's stock.

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.