Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Lbp Am Sa

LBP AM SA lessened its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 514,672 shares of the technology company's stock after selling 32,714 shares during the period. LBP AM SA's holdings in Hewlett Packard Enterprise were worth $7,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $25,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 owned 42,427 shares in the company, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 value of $1,264,799.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday. They issued a "peer perform" rating on the stock. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.15.

Hewlett Packard Enterprise Price Performance

HPE traded down $0.53 during trading on Friday, hitting $20.77. The company's stock had a trading volume of 8,542,099 shares, compared to its average volume of 16,961,007. 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 Company has a twelve month low of $11.97 and a twelve month high of $24.66. The business's fifty day simple moving average is $18.28 and its 200 day simple moving average is $18.61. The firm has a market capitalization of $27.25 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 3.00 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period last year, the company earned $0.42 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.