Fortem Financial Group LLC Lowers Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Fortem Financial Group LLC cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,376 shares of the technology company's stock after selling 12,611 shares during the quarter. Fortem Financial Group LLC's holdings in Hewlett Packard Enterprise were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Aviso Financial Inc. raised its holdings in Hewlett Packard Enterprise by 0.9% during the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock valued at $1,154,000 after acquiring an additional 490 shares during the period. Forum Financial Management LP increased its holdings in shares of 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 worth $505,000 after purchasing an additional 515 shares during the last quarter. Huntington National Bank increased its holdings in shares of Hewlett Packard Enterprise by 3.1% in the fourth quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock worth $373,000 after purchasing an additional 529 shares during the last quarter. Meridian Investment Counsel Inc. increased 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 increased 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 owned by institutional investors.

Hewlett Packard Enterprise Trading Down 2.7%

Shares of NYSE:HPE traded down $0.57 during trading hours on Friday, hitting $20.72. 20,877,305 shares of the company's stock traded hands, compared to its average volume of 17,039,490. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66. The business has a fifty day moving average price of $18.36 and a 200-day moving average price of $18.61. The firm has a market capitalization of $27.19 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.07 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HPE shares. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Raymond James Financial lifted their target price 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 lifted their target price on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday. They issued a "peer perform" rating for the company. Finally, Evercore ISI lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.15.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred 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. Insiders have sold 128,590 shares of company stock valued at $2,436,000 in the last 90 days. Company insiders own 0.36% of the company's stock.

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.