Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 89.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,759,725 shares of the technology company's stock after selling 15,145,882 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Hewlett Packard Enterprise worth $29,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock valued at $159,000 after acquiring an additional 666 shares during the period. Verdence Capital Advisors LLC increased its holdings in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company's stock valued at $405,000 after buying an additional 693 shares during the last quarter. Montgomery Investment Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 2.9% during the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company's stock worth $424,000 after acquiring an additional 700 shares during the last quarter. IMPACTfolio LLC grew its position in shares of Hewlett Packard Enterprise by 5.3% during the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company's stock valued at $237,000 after acquiring an additional 705 shares during the period. Finally, Avantax Planning Partners Inc. raised its holdings in Hewlett Packard Enterprise by 5.5% in the 3rd quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company's stock worth $245,000 after purchasing an additional 730 shares during the period. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded up $0.32 during trading hours on Wednesday, reaching $17.18. The company's stock had a trading volume of 8,123,502 shares, compared to its average volume of 14,355,671. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a one year low of $13.70 and a one year high of $20.07. The firm has a 50 day moving average price of $17.30 and a 200-day moving average price of $16.42. The stock has a market cap of $22.33 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.12 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company earned $0.38 EPS. The company's revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.03%. Hewlett Packard Enterprise's payout ratio is 35.86%.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent research reports. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday, March 1st. Evercore ISI decreased their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a report on Friday, March 1st. Finally, Barclays decreased their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.91.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise 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.