Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC decreased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 604,258 shares of the technology company's stock after selling 117,300 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Hewlett Packard Enterprise were worth $9,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after acquiring an additional 681,242 shares during the last quarter. Northern Trust Corp boosted its holdings in Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the period. Slate Path Capital LP raised its position in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after buying an additional 3,924,039 shares in the last quarter. First Trust Advisors LP raised its position in shares of Hewlett Packard Enterprise by 9.4% in the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock valued at $164,228,000 after buying an additional 658,117 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Hewlett Packard Enterprise by 32.9% during the 1st quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock worth $87,604,000 after purchasing an additional 1,406,813 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. Wells Fargo & Company upped their price target on shares of 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. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target on the stock. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Eleven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.73.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.20 during trading hours on Thursday, reaching $20.57. The company had a trading volume of 3,507,047 shares, compared to its average volume of 19,244,682. The business has a fifty day moving average price of $18.92 and a 200-day moving average price of $18.55. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The firm has a market cap of $26.99 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.53%. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

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.