Kintegral Advisory LLC Lowers Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Kintegral Advisory LLC lessened its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,180 shares of the technology company's stock after selling 38,344 shares during the quarter. Kintegral Advisory LLC's holdings in Hewlett Packard Enterprise were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hewlett Packard Enterprise in the first quarter valued at $471,000. IFM Investors Pty Ltd increased its stake in Hewlett Packard Enterprise by 6.1% in the first quarter. IFM Investors Pty Ltd now owns 336,511 shares of the technology company's stock valued at $5,192,000 after acquiring an additional 19,255 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in Hewlett Packard Enterprise in the first quarter valued at $164,000. D.A. Davidson & CO. bought a new position in Hewlett Packard Enterprise in the first quarter valued at $1,168,000. Finally, Principal Financial Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 7.1% during the first quarter. Principal Financial Group Inc. now owns 1,660,223 shares of the technology company's stock valued at $25,617,000 after buying an additional 110,675 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 of the company's stock, valued at $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 have sold 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HPE shares. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, UBS Group raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.85.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.32 on Friday. The stock's 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $18.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.09 and a beta of 1.35. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced 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 is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. Hewlett Packard Enterprise's payout ratio is 52.53%.

About Hewlett Packard Enterprise

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.

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