Milestone Asset Management LLC Sells 66,626 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Milestone Asset Management LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 72.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,743 shares of the technology company's stock after selling 66,626 shares during the quarter. Milestone Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Korea Investment CORP boosted its position in shares of 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 last quarter. Proficio Capital Partners LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $3,598,000. Atria Investments Inc boosted its position in shares of Hewlett Packard Enterprise by 24.3% during the 4th quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after acquiring an additional 4,864 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $374,000. Finally, Allworth Financial LP lifted its position in Hewlett Packard Enterprise by 18.1% in the 4th quarter. Allworth Financial LP now owns 43,620 shares of the technology company's stock worth $931,000 after buying an additional 6,680 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $0.20 during trading on Wednesday, hitting $17.89. 45,604,188 shares of the company's stock traded hands, compared to its average volume of 17,334,010. 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 1 year low of $11.97 and a 1 year high of $24.66. The stock has a market capitalization of $23.50 billion, a P/E ratio of 9.42, a PEG ratio of 2.03 and a beta of 1.29. The business has a 50-day simple moving average of $16.05 and a 200-day simple moving average of $19.09.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released 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 8.94% and a net margin of 8.56%. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period last year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated 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 the SEC website. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on HPE. Evercore ISI upgraded Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $17.00 to $22.00 in a research report on Tuesday, May 20th. UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. Nine investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.33.

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.