Kathmere Capital Management LLC Has $199,000 Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Kathmere Capital Management LLC trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 49.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,918 shares of the technology company's stock after selling 12,565 shares during the quarter. Kathmere Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after buying an additional 681,242 shares during the period. Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the period. Slate Path Capital LP lifted its holdings in shares of Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after acquiring an additional 3,924,039 shares during the period. Finally, First Trust Advisors LP boosted its stake 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 purchasing an additional 658,117 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last three months. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on HPE. Evercore ISI lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Friday. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Wolfe Research started coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Finally, Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.15.

Hewlett Packard Enterprise Trading Down 1.8%

Shares of HPE traded down $0.37 on Tuesday, reaching $20.30. 11,865,036 shares of the company's stock were exchanged, compared to its average volume of 17,030,927. The business has a 50 day moving average price of $18.43 and a two-hundred day moving average price of $18.55. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $26.64 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.56%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.