D.A. Davidson & CO. Sells 7,216 Shares of Hewlett Packard Enterprise Co (HPE)

D.A. Davidson & CO. trimmed its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 26.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,675 shares of the technology company’s stock after selling 7,216 shares during the quarter. D.A. Davidson & CO.’s holdings in Hewlett Packard Enterprise were worth $260,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HPE. LSV Asset Management increased its holdings in shares of Hewlett Packard Enterprise by 26.1% during the 3rd quarter. LSV Asset Management now owns 19,860,982 shares of the technology company’s stock valued at $323,932,000 after purchasing an additional 4,108,350 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,974,000. Bank of New York Mellon Corp increased its holdings in shares of Hewlett Packard Enterprise by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock valued at $204,450,000 after purchasing an additional 1,229,369 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Hewlett Packard Enterprise by 148.4% during the 3rd quarter. Retirement Systems of Alabama now owns 1,778,665 shares of the technology company’s stock valued at $29,010,000 after purchasing an additional 1,062,720 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $16,173,000. 83.94% of the stock is owned by hedge funds and other institutional investors.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 15,639 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.54, for a total transaction of $227,391.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Keerti Melkote sold 36,300 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $14.55, for a total transaction of $528,165.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,195 shares of company stock worth $1,795,907. 1.18% of the stock is currently owned by corporate insiders.

Shares of HPE opened at $15.84 on Tuesday. Hewlett Packard Enterprise Co has a 52-week low of $12.09 and a 52-week high of $19.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.90 and a beta of 1.60.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. The company 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 company posted $0.31 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 annualized dividend and a yield of 2.84%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

HPE has been the topic of a number of research analyst reports. Oppenheimer set a $18.00 price target on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Wednesday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 16th. ValuEngine raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Maxim Group dropped their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, December 6th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.08.

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Hewlett Packard Enterprise 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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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

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