Huber Capital Management LLC Reduces Stake in Hewlett Packard Enterprise Co (HPE)

Huber Capital Management LLC lowered its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 404,700 shares of the technology company’s stock after selling 15,300 shares during the quarter. Huber Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $6,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Morgan Stanley lifted its holdings in shares of Hewlett Packard Enterprise by 429.8% during the second quarter. Morgan Stanley now owns 9,860,955 shares of the technology company’s stock worth $144,068,000 after buying an additional 7,999,613 shares in the last quarter. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 67.2% during the second quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock worth $204,098,000 after buying an additional 5,615,283 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Hewlett Packard Enterprise by 44.5% during the second quarter. LSV Asset Management now owns 15,752,632 shares of the technology company’s stock worth $230,145,000 after buying an additional 4,848,200 shares in the last quarter. Hexavest Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $72,322,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $34,489,000. 78.92% of the stock is owned by institutional investors.

In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 102,284 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total value of $1,630,406.96. Following the transaction, the insider now owns 102,284 shares in the company, valued at $1,630,406.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now owns 87,828 shares in the company, valued at approximately $1,493,076. The disclosure for this sale can be found here. In the last quarter, insiders sold 664,319 shares of company stock worth $10,978,971. Company insiders own 1.18% of the company’s stock.

Shares of NYSE HPE opened at $15.05 on Thursday. Hewlett Packard Enterprise Co has a 52 week low of $13.99 and a 52 week high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $22.15 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.86 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a return on equity of 10.16% and a net margin of 6.18%. The firm had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.

HPE has been the subject of a number of research reports. Oppenheimer set a $18.00 target price on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Thursday, October 25th. Raymond James dropped their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, August 29th. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Tuesday, August 21st. Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, Deutsche Bank lifted their target price on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.43.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

Read More: Average Daily Trade Volume – What You Need to Know

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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