Knights of Columbus Asset Advisors LLC Cuts Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Knights of Columbus Asset Advisors LLC reduced its holdings in Hewlett Packard Enterprise Company by 22.8%, owning 66,373 shares worth approximately $1.36 million at the end of the second quarter.
• The company recently announced a quarterly dividend of $0.13 per share, yielding around 2.1%, which will be paid on October 17th to shareholders of record on September 18th.
• Analyst ratings for HPE stock have varied, with targets being raised by firms such as UBS and Citigroup, indicating a generally positive outlook despite some "Hold" ratings.

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,373 shares of the technology company's stock after selling 19,654 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Hewlett Packard Enterprise were worth $1,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $15,663,000. Sowell Financial Services LLC purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after buying an additional 28,123 shares in the last quarter. Signal Advisors Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $300,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the first quarter worth approximately $164,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $24.79 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The stock has a 50 day moving average price of $22.84 and a two-hundred day moving average price of $19.38. The company has a market capitalization of $32.71 billion, a P/E ratio of 30.23, a PEG ratio of 2.55 and a beta of 1.45.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.1%. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HPE shares. KeyCorp started coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. UBS Group upped their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Citigroup upped their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday. Raymond James Financial upped their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.06.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise 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.

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