Cambridge Investment Research Advisors Inc. Decreases Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Cambridge Investment Research Advisors Inc. reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 25.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,099 shares of the technology company's stock after selling 40,234 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Hewlett Packard Enterprise were worth $1,853,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Aviso Financial Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.9% in the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after buying an additional 490 shares during the period. Forum Financial Management LP lifted its position in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after purchasing an additional 515 shares during the last quarter. Huntington National Bank boosted its stake in shares of Hewlett Packard Enterprise by 3.1% during the fourth quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock valued at $373,000 after purchasing an additional 529 shares during the period. Meridian Investment Counsel Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3.6% in the fourth quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company's stock worth $368,000 after purchasing an additional 599 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of Hewlett Packard Enterprise by 16.4% in the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after purchasing an additional 622 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was 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 the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,590 shares of company stock valued at $2,436,000 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.07 during mid-day trading on Friday, reaching $21.32. The stock had a trading volume of 12,296,572 shares, compared to its average volume of 16,798,132. The business has a fifty day moving average of $17.91 and a 200 day moving average of $18.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.09 and a beta of 1.35. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66.

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

Hewlett Packard Enterprise Announces Dividend

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 given 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%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPE. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. UBS Group lifted 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. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Barclays raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.85.

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.