Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Atlas Capital Advisors Inc.

Key Points

• Atlas Capital Advisors Inc. reduced its stake in Hewlett Packard Enterprise Company by 45.2%, dropping to 35,630 shares valued at $550,000, according to its latest SEC filing.
• Hewlett Packard Enterprise reported Q2 earnings of $0.38 per share, exceeding analyst expectations, with revenue of $7.63 billion, a 5.9% increase year-over-year.
• The company recently announced a quarterly dividend of $0.13 per share, representing a 2.5% dividend yield and a dividend payout ratio of 52.53%.

Atlas Capital Advisors Inc. reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 45.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,630 shares of the technology company's stock after selling 29,395 shares during the period. Atlas Capital Advisors Inc.'s holdings in Hewlett Packard Enterprise were worth $550,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Putney Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC grew its position in shares of 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 worth $26,000 after acquiring an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $27,000. Finally, Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HPE. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target for the company. Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Citigroup began coverage on Hewlett Packard Enterprise in a report on Friday, July 25th. They set a "buy" rating and a $25.00 price target for the company. Finally, Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.87.

Hewlett Packard Enterprise Stock Up 1.9%

Shares of HPE traded up $0.40 during trading on Wednesday, reaching $21.72. The company's stock had a trading volume of 1,294,539 shares, compared to its average volume of 18,847,020. The company has a fifty day moving average of $19.75 and a two-hundred day moving average of $18.28. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a market cap of $28.51 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.97 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the business earned $0.42 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal 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 issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 68,590 shares of the company's 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $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. Insiders sold a total of 128,590 shares of company stock valued at $2,436,000 over the last quarter. 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.