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Parcion Private Wealth LLC Reduces Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard Enterprise logo with Computer and Technology background

Parcion Private Wealth LLC reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 96.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,643 shares of the technology company's stock after selling 325,724 shares during the period. Parcion Private Wealth LLC's holdings in Hewlett Packard Enterprise were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HPE. Victory Capital Management Inc. lifted its position in Hewlett Packard Enterprise by 10.0% during the first quarter. Victory Capital Management Inc. now owns 2,502,924 shares of the technology company's stock valued at $38,620,000 after purchasing an additional 227,021 shares in the last quarter. Midwest Professional Planners LTD. lifted its position in Hewlett Packard Enterprise by 2.8% during the first quarter. Midwest Professional Planners LTD. now owns 90,509 shares of the technology company's stock valued at $1,397,000 after purchasing an additional 2,452 shares in the last quarter. Larson Financial Group LLC lifted its position in Hewlett Packard Enterprise by 16.7% during the first quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company's stock valued at $83,000 after purchasing an additional 769 shares in the last quarter. Sage Mountain Advisors LLC purchased a new position in Hewlett Packard Enterprise during the first quarter valued at $163,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in Hewlett Packard Enterprise by 46.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,027 shares of the technology company's stock valued at $324,000 after purchasing an additional 6,661 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HPE has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a research report on Thursday. They set an "overweight" rating and a $30.00 target price on the stock. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. UBS Group raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Evercore ISI raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $22.71.

View Our Latest Analysis on HPE

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.26 during trading hours on Friday, hitting $21.09. The stock had a trading volume of 14,175,513 shares, compared to its average volume of 17,103,814. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The stock's 50-day moving average price is $18.67 and its two-hundred day moving average price is $18.57. The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.94 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.47%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Insider Buying and Selling

In other 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 value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the 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. Over the last 90 days, insiders have sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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