Investec Asset Management North America Inc. lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 53,694 shares of the technology company’s stock after selling 984 shares during the period. Investec Asset Management North America Inc.’s holdings in Hewlett Packard Enterprise Company were worth $1,273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HPE. Teza Capital Management LLC bought a new position in Hewlett Packard Enterprise Company during the fourth quarter valued at approximately $253,000. LBA Wealth Management LLC increased its position in Hewlett Packard Enterprise Company by 6.2% in the fourth quarter. LBA Wealth Management LLC now owns 12,000 shares of the technology company’s stock valued at $278,000 after buying an additional 700 shares during the period. Trexquant Investment LP increased its position in Hewlett Packard Enterprise Company by 97.1% in the fourth quarter. Trexquant Investment LP now owns 68,600 shares of the technology company’s stock valued at $1,587,000 after buying an additional 33,800 shares during the period. Frontier Wealth Management LLC bought a new position in Hewlett Packard Enterprise Company during the fourth quarter valued at approximately $239,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Hewlett Packard Enterprise Company by 55.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 187,200 shares of the technology company’s stock valued at $4,332,000 after buying an additional 66,800 shares during the period. 81.33% of the stock is currently owned by institutional investors.

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

Hewlett Packard Enterprise Company (HPE) traded down 0.90% during midday trading on Tuesday, hitting $16.57. The stock had a trading volume of 4,223,696 shares. The company has a 50-day moving average of $18.13 and a 200-day moving average of $17.74. Hewlett Packard Enterprise Company has a 1-year low of $12.71 and a 1-year high of $19.16. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 12.56 and a beta of 2.69.

Hewlett Packard Enterprise Company (NYSE:HPE) last announced its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. Hewlett Packard Enterprise Company had a return on equity of 9.80% and a net margin of 4.85%. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the company earned $0.42 EPS. Hewlett Packard Enterprise Company’s revenue was down 22.1% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise Company will post $1.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise Company’s payout ratio is 20.16%.

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Several equities analysts recently commented on the company. Berenberg Bank set a $17.00 target price on Hewlett Packard Enterprise Company and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Tigress Financial assumed coverage on Hewlett Packard Enterprise Company in a research report on Monday, April 17th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Hewlett Packard Enterprise Company from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Raymond James Financial, Inc. restated an “outperform” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise Company in a research report on Monday, June 5th. Finally, Barclays PLC cut their target price on Hewlett Packard Enterprise Company from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise Company has a consensus rating of “Hold” and an average price target of $22.08.

In other news, EVP Christopher P. Hsu sold 31,421 shares of the stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $23.50, for a total value of $738,393.50. Following the completion of the transaction, the executive vice president now directly owns 31,422 shares in the company, valued at approximately $738,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher P. Hsu sold 11,515 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total value of $216,482.00. Following the completion of the transaction, the executive vice president now owns 24,083 shares of the company’s stock, valued at $452,760.40. The disclosure for this sale can be found here. Insiders sold a total of 231,154 shares of company stock valued at $4,507,382 over the last quarter. 0.87% of the stock is owned by corporate insiders.

About Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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