Tufton Capital Management reduced its stake in shares of Hewlett Packard Enterprise Co. (NYSE:HPE) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 105,494 shares of the company’s stock after selling 708 shares during the period. Tufton Capital Management’s holdings in Hewlett Packard Enterprise were worth $1,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HPE. Dodge & Cox increased its stake in Hewlett Packard Enterprise by 3.0% in the first quarter. Dodge & Cox now owns 224,069,718 shares of the company’s stock valued at $3,972,756,000 after buying an additional 6,540,190 shares during the last quarter. State Street Corp increased its stake in Hewlett Packard Enterprise by 1.0% in the first quarter. State Street Corp now owns 84,485,271 shares of the company’s stock valued at $1,497,931,000 after buying an additional 797,867 shares during the last quarter. Primecap Management Co. CA increased its stake in Hewlett Packard Enterprise by 10.7% in the first quarter. Primecap Management Co. CA now owns 56,167,415 shares of the company’s stock valued at $995,848,000 after buying an additional 5,432,750 shares during the last quarter. Legal & General Group Plc increased its stake in Hewlett Packard Enterprise by 3.2% in the first quarter. Legal & General Group Plc now owns 8,602,133 shares of the company’s stock valued at $152,510,000 after buying an additional 263,764 shares during the last quarter. Finally, Sound Shore Management Inc. CT purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $114,704,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 2.21% during midday trading on Wednesday, reaching $23.12. The company had a trading volume of 10,676,569 shares. Hewlett Packard Enterprise Co. has a 52-week low of $11.62 and a 52-week high of $23.12. The company has a market capitalization of $38.51 billion and a P/E ratio of 9.65. The company’s 50 day moving average is $21.84 and its 200-day moving average is $18.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.

Several analysts have recently weighed in on HPE shares. Bank of America Corp. reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Mizuho boosted their target price on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Sanford C. Bernstein restated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, May 26th. Finally, Brean Capital restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $21.05.

In other news, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.

5 Day Chart for NYSE:HPE

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co. (NYSE:HPE).

Receive News & Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related companies with MarketBeat.com's FREE daily email newsletter.