Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,000 shares of the technology company's stock after selling 13,613 shares during the quarter. Madison Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $25,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $25,000. Finally, Bruce G. Allen Investments LLC increased its stake in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was 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. Over the last 90 days, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.67.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.20 during mid-day trading on Friday, reaching $20.71. The company's stock had a trading volume of 8,919,686 shares, compared to its average volume of 19,790,958. The stock has a 50-day moving average of $19.04 and a two-hundred day moving average of $18.52. The stock has a market capitalization of $27.17 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

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.