Cwm LLC Cuts Position in Hewlett Packard Enterprise Company (NYSE:HPE)

CWM LLC lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 138,763 shares of the technology company's stock after selling 24,437 shares during the period. CWM LLC's holdings in Hewlett Packard Enterprise were worth $2,141,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Forum Financial Management LP raised its stake in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after buying an additional 515 shares during the last quarter. Huntington National Bank raised its stake in shares of Hewlett Packard Enterprise by 3.1% during the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock valued at $373,000 after buying an additional 529 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company's stock valued at $368,000 after buying an additional 599 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of Hewlett Packard Enterprise by 16.4% during the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after buying an additional 622 shares during the last quarter. Finally, Lido Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after acquiring an additional 691 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HPE shares. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Finally, Raymond James Financial raised their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.71.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.26 during trading on Friday, reaching $21.09. The company's stock had a trading volume of 14,175,513 shares, compared to its average volume of 17,157,878. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $18.75 and a two-hundred day simple moving average of $18.57. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 3.05 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period last year, the company posted $0.42 EPS. The business's revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

Insider Activity at Hewlett Packard Enterprise

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

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.