Arrow Financial Corp Has $149,000 Stake in Hewlett Packard Enterprise Company (NYSE:HPE)
Arrow Financial Corp maintained its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, Holdings Channel reports. The fund owned 9,000 shares of the technology company’s stock at the end of the second quarter. Arrow Financial Corp’s holdings in Hewlett Packard Enterprise were worth $149,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock worth $197,000 after buying an additional 1,095 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $410,000. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Alpha Windward LLC raised its position in shares of Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock worth $343,000 after buying an additional 2,188 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $3,943,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (NYSE HPE) opened at 17.64 on Thursday. The company has a market cap of $28.98 billion, a P/E ratio of 13.37 and a beta of 2.74. The company’s 50 day moving average is $17.18 and its 200-day moving average is $17.62. Hewlett Packard Enterprise Company has a 12 month low of $15.49 and a 12 month high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The firm’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Analysts expect that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 20.16%.
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HPE has been the topic of a number of recent analyst reports. CIBC cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Maxim Group reiterated a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. Credit Suisse Group reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.87.
In other news, CEO Margaret C. Whitman sold 251,268 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.99, for a total transaction of $122,675.40. Following the transaction, the senior vice president now directly owns 10,352 shares of the company’s stock, valued at $196,584.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,612,328 shares of company stock valued at $28,048,424 over the last ninety days. 0.87% of the stock is owned by insiders.
Hewlett Packard Enterprise Company Profile
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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