Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by CX Institutional

CX Institutional lessened its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 66.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,558 shares of the technology company's stock after selling 59,179 shares during the quarter. CX Institutional's holdings in Hewlett Packard Enterprise were worth $456,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avanza Fonder AB raised its holdings in shares of Hewlett Packard Enterprise by 11.0% during the first quarter. Avanza Fonder AB now owns 133,712 shares of the technology company's stock worth $2,155,000 after purchasing an additional 13,218 shares during the last quarter. Simplicity Wealth LLC raised its stake in shares of Hewlett Packard Enterprise by 10.2% during the 1st quarter. Simplicity Wealth LLC now owns 11,548 shares of the technology company's stock valued at $178,000 after buying an additional 1,070 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hewlett Packard Enterprise by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company's stock valued at $274,000 after buying an additional 2,239 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 90.6% during the first quarter. Harbor Capital Advisors Inc. now owns 29,055 shares of the technology company's stock worth $448,000 after acquiring an additional 13,813 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the topic of a number of analyst reports. Bank of America dropped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price target for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Susquehanna cut their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.31.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.34 during midday trading on Tuesday, hitting $17.90. The stock had a trading volume of 14,021,204 shares, compared to its average volume of 16,757,912. 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 stock has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $18.85. The company has a market capitalization of $23.49 billion, a PE ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 1.31. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating 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 company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm posted $0.42 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal 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 paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

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.