Mizuho Securities USA LLC Sells 17,920 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Mizuho Securities USA LLC has decreased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 14.6%, selling 17,920 shares and now owns a total of 105,164 shares valued at approximately $1.6 million.
• Analysts have mixed ratings for HPE, with Goldman Sachs setting a "neutral" rating and a target price of $22, while JPMorgan Chase & Co. has an "overweight" rating with a target of $30.
• The quarterly earnings report for HPE showed an EPS of $0.38, surpassing estimates, and the company declared a quarterly dividend of $0.13 per share, equating to an annual yield of 2.5%.

Mizuho Securities USA LLC lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,164 shares of the technology company's stock after selling 17,920 shares during the period. Mizuho Securities USA LLC's holdings in Hewlett Packard Enterprise were worth $1,623,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HPE. Advisory Services Network LLC increased its position in Hewlett Packard Enterprise by 34.9% in the fourth quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company's stock worth $548,000 after buying an additional 6,651 shares during the last quarter. Sterling Capital Management LLC increased its position in Hewlett Packard Enterprise by 149.5% in the fourth quarter. Sterling Capital Management LLC now owns 124,045 shares of the technology company's stock worth $2,648,000 after buying an additional 74,320 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Hewlett Packard Enterprise by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 128,064 shares of the technology company's stock worth $2,731,000 after buying an additional 3,498 shares during the last quarter. Townsquare Capital LLC increased its position in Hewlett Packard Enterprise by 5.2% in the fourth quarter. Townsquare Capital LLC now owns 20,800 shares of the technology company's stock worth $444,000 after buying an additional 1,036 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $358,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last quarter. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded down $0.17 during midday trading on Friday, reaching $21.15. The stock had a trading volume of 14,998,434 shares, compared to its average volume of 14,715,392. The company's 50-day moving average is $19.95 and its 200 day moving average is $18.28. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 3.07 and a beta of 1.37.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the prior year, the business earned $0.42 EPS. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts predict 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 was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Evercore ISI raised their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.87.

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.