Hewlett Packard Enterprise Company $HPE Stock Position Decreased by Radnor Capital Management LLC

Key Points

• Radnor Capital Management LLC reduced its stake in Hewlett Packard Enterprise by 32.6%, selling 45,703 shares in the second quarter, now holding 94,701 shares valued at approximately $1.94 million.
• Multiple institutional investors, including Nomura Holdings Inc. and WBI Investments LLC, have recently increased their positions in Hewlett Packard Enterprise, further indicating a shift in market sentiment.
• The company declared a quarterly dividend of $0.13 per share, to be paid on October 17th, with a current dividend yield of 2.1%.

Radnor Capital Management LLC trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 32.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,701 shares of the technology company's stock after selling 45,703 shares during the period. Radnor Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $1,937,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth $25,000. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth $25,000. Bruce G. Allen Investments LLC raised its position in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the period. Zions Bancorporation National Association UT purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth $27,000. Finally, Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth $28,000. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Susquehanna boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.81.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.25 during trading hours on Friday, hitting $24.99. The stock had a trading volume of 32,894,671 shares, compared to its average volume of 22,789,748. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a 50-day moving average price of $21.98 and a 200 day moving average price of $18.69. The firm has a market capitalization of $32.97 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.57 and a beta of 1.43. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.35.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at $43,217,231.20. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 668,590 shares of company stock valued at $15,265,033. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company 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.