Benson Investment Management Company Inc. Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Benson Investment Management Company Inc. lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 226,641 shares of the technology company's stock after selling 62,614 shares during the period. Benson Investment Management Company Inc.'s holdings in Hewlett Packard Enterprise were worth $3,497,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HPE. Korea Investment CORP lifted its stake in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after acquiring an additional 77,244 shares during the period. Proficio Capital Partners LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $3,598,000. Atria Investments Inc lifted its position in Hewlett Packard Enterprise by 24.3% during the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after purchasing an additional 4,864 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $374,000. Finally, Allworth Financial LP grew its position in Hewlett Packard Enterprise by 18.1% during the 4th quarter. Allworth Financial LP now owns 43,620 shares of the technology company's stock worth $931,000 after purchasing an additional 6,680 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded down $0.07 during midday trading on Thursday, reaching $17.78. The company had a trading volume of 23,708,464 shares, compared to its average volume of 17,305,968. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a market capitalization of $23.35 billion, a P/E ratio of 9.36, a P/E/G ratio of 2.03 and a beta of 1.29. The firm's fifty day simple moving average is $16.09 and its 200-day simple moving average is $19.08.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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 issued 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 2.93%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HPE shares. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Raymond James raised their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.33.

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.