TD Private Client Wealth LLC Sells 19,436 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

TD Private Client Wealth LLC lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 31.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,189 shares of the technology company's stock after selling 19,436 shares during the quarter. TD Private Client Wealth LLC's holdings in Hewlett Packard Enterprise were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HPE. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $25,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $31,000. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the company'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 128,590 shares of company stock worth $2,436,000 in the last ninety days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.47 during trading hours on Thursday, hitting $21.27. 34,641,348 shares of the stock were exchanged, compared to its average volume of 16,967,412. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company's 50 day moving average is $18.18 and its 200 day moving average is $18.62. 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 firm has a market capitalization of $27.91 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.01 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results 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 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 quarter in the prior year, the firm posted $0.42 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Finally, KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.85.

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.