Cigna Investments Inc. New reduced its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 34.5% during the second quarter, Holdings Channel reports. The fund owned 76,701 shares of the technology company’s stock after selling 40,390 shares during the period. Cigna Investments Inc. New’s holdings in Hewlett Packard Enterprise were worth $1,278,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Fulton Bank N.A. raised its position in shares of Hewlett Packard Enterprise by 6.7% in the first quarter. Fulton Bank N.A. now owns 12,421 shares of the technology company’s stock valued at $294,000 after buying an additional 785 shares during the period. Creative Planning raised its position in shares of Hewlett Packard Enterprise by 11.1% in the first quarter. Creative Planning now owns 94,506 shares of the technology company’s stock valued at $2,240,000 after buying an additional 9,439 shares during the period. Spirit of America Management Corp NY raised its position in shares of Hewlett Packard Enterprise by 30.0% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company’s stock valued at $339,000 after buying an additional 3,300 shares during the period. Capstone Asset Management Co. raised its position in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Capstone Asset Management Co. now owns 146,183 shares of the technology company’s stock valued at $3,465,000 after buying an additional 2,384 shares during the period. Finally, BLB&B Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $247,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hewlett Packard Enterprise Company (NYSE HPE) opened at 17.64 on Thursday. The firm’s 50-day moving average is $17.18 and its 200-day moving average is $17.62. The company has a market capitalization of $28.98 billion, a PE ratio of 13.37 and a beta of 2.74. Hewlett Packard Enterprise Company has a 52-week low of $15.46 and a 52-week high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. Hewlett Packard Enterprise’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.

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Several research analysts have recently issued reports on HPE shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $21.00 target price on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Monday, April 17th. CIBC reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Mizuho reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $21.87.

In other news, EVP Christopher P. Hsu sold 11,515 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $18.80, for a total transaction of $216,482.00. Following the completion of the sale, the executive vice president now directly owns 24,083 shares of the company’s stock, valued at approximately $452,760.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kirt P. Karros sold 20,344 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $18.90, for a total value of $384,501.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,612,328 shares of company stock valued at $28,048,424. Insiders own 0.87% of the company’s stock.

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

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