CIBC World Markets Inc. cut its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 98.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,179 shares of the technology company’s stock after selling 1,140,101 shares during the quarter. CIBC World Markets Inc.’s holdings in Hewlett Packard Enterprise were worth $378,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of HPE. Morgan Stanley raised its holdings in 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 purchasing an additional 7,999,613 shares during the last quarter. Boston Partners raised its holdings in 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 purchasing an additional 5,615,283 shares during the last quarter. LSV Asset Management raised its holdings in 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 purchasing an additional 4,848,200 shares during the last quarter. Hexavest Inc. acquired a new position in Hewlett Packard Enterprise during the third quarter worth $72,322,000. Finally, Capital Fund Management S.A. acquired a new position in Hewlett Packard Enterprise during the second quarter worth $34,489,000. 78.92% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. BMO Capital Markets dropped their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. UBS Group assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price target for the company. Finally, Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Wednesday. Two 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. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $18.36.
Hewlett Packard Enterprise stock opened at $14.71 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.87 and a beta of 1.58. Hewlett Packard Enterprise Co has a fifty-two week low of $14.22 and a fifty-two week high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. Hewlett Packard Enterprise’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise Co will post 1.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders 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 dividend yield of 3.06%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
In other news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 21st. The stock was sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keerti Melkote sold 102,284 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the sale, the insider now directly owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 664,319 shares of company stock valued at $10,978,971. Company insiders own 1.18% of the company’s stock.
About Hewlett Packard Enterprise
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.
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