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

TD Private Client Wealth LLC lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 31.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $25,000. Bruce G. Allen Investments LLC grew its stake in Hewlett Packard Enterprise by 345.0% in the first 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 in the last quarter. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth about $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 Stock Down 2.7%

Shares of Hewlett Packard Enterprise stock traded down $0.57 during trading hours on Friday, reaching $20.72. The company's stock had a trading volume of 20,877,305 shares, compared to its average volume of 17,039,490. The stock's fifty day simple moving average is $18.36 and its two-hundred day simple moving average is $18.61. The company has a market capitalization of $27.19 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.07 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the business earned $0.42 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

Analysts Set New Price Targets

HPE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Wall Street Zen cut shares of Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.15.

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.