TD Asset Management Inc Lowers Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• TD Asset Management Inc reduced its holdings in Hewlett Packard Enterprise by 3.4%, owning approximately 1.58 million shares worth about $24.36 million after selling 56,007 shares during the first quarter.
• Hewlett Packard Enterprise reported earnings of $0.38 per share for the last quarter, exceeding expectations of $0.33 per share, with revenue reaching $7.63 billion.
• The company announced a quarterly dividend of $0.13 per share, translating to an annual yield of 2.49% and having a current payout ratio of 52.53%.

TD Asset Management Inc lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,578,590 shares of the technology company's stock after selling 56,007 shares during the quarter. TD Asset Management Inc owned about 0.12% of Hewlett Packard Enterprise worth $24,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $119,067,000. Slate Path Capital LP lifted its holdings in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after buying an additional 3,924,039 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after buying an additional 3,208,424 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1,382.5% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after buying an additional 3,077,046 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $60,040,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.0%

Shares of Hewlett Packard Enterprise stock traded down $0.20 on Thursday, hitting $20.69. The stock had a trading volume of 11,242,410 shares, compared to its average volume of 16,365,443. 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 Company has a one year low of $11.97 and a one year high of $24.66. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.29 and a beta of 1.35. The stock's 50-day simple moving average is $19.30 and its two-hundred day simple moving average is $18.49.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise's payout ratio is 52.53%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Finally, The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a "neutral" rating and a $22.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average price target of $22.67.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise 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 disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is currently owned by company insiders.

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.