Plato Investment Management Ltd Sells 42,312 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Plato Investment Management Ltd has reduced its stake in Hewlett Packard Enterprise by 93.9% in the first quarter, selling 42,312 shares and now holding only 2,743 shares.
• Several institutional investors, such as Forum Financial Management LP and Larson Financial Group LLC, have increased their positions in Hewlett Packard Enterprise recently, reflecting growing interest from the investment community.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, with a yield of 2.1%, to be paid on October 17th for shareholders on record as of September 18th.

Plato Investment Management Ltd lessened its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 93.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,743 shares of the technology company's stock after selling 42,312 shares during the quarter. Plato Investment Management Ltd's holdings in Hewlett Packard Enterprise were worth $43,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Forum Financial Management LP grew its position in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after purchasing an additional 515 shares during the last quarter. Farther Finance Advisors LLC grew its position in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after purchasing an additional 699 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Hewlett Packard Enterprise by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock worth $1,089,000 after purchasing an additional 700 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in Hewlett Packard Enterprise by 6.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company's stock worth $178,000 after purchasing an additional 746 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Hewlett Packard Enterprise by 16.7% during the 1st quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company's stock worth $83,000 after purchasing an additional 769 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $24.76 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $25.10. The company has a 50 day simple moving average of $21.59 and a two-hundred day simple moving average of $18.51. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.56 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were 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 directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The shares were 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. Insiders sold a total of 461,924 shares of company stock worth $10,110,183 in the last three months. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPE. Susquehanna boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 4th. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.87.

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.

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