First Trust Advisors LP increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 11.4% during the second quarter, Holdings Channel reports. The institutional investor owned 3,896,335 shares of the technology company’s stock after buying an additional 398,709 shares during the period. First Trust Advisors LP’s holdings in Hewlett Packard Enterprise were worth $64,640,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HPE. Guardian Life Insurance Co. of America boosted its stake in Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after buying an additional 43 shares in the last quarter. Welch & Forbes LLC boosted its stake in Hewlett Packard Enterprise by 0.7% in the first quarter. Welch & Forbes LLC now owns 9,892 shares of the technology company’s stock valued at $234,000 after buying an additional 68 shares in the last quarter. First National Bank & Trust Co. of Newtown boosted its stake in Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock valued at $756,000 after buying an additional 80 shares in the last quarter. Buckingham Asset Management LLC boosted its stake in Hewlett Packard Enterprise by 0.5% in the first quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock valued at $468,000 after buying an additional 106 shares in the last quarter. Finally, Tdam USA Inc. boosted its stake in Hewlett Packard Enterprise by 0.9% in the first quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock valued at $422,000 after buying an additional 162 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.30 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $15.46 and a 52-week high of $19.16. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 13.12 and a beta of 2.74. The stock’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.62.

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 business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts forecast that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.

The company 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. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.50%. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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Several research firms recently commented on HPE. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, June 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Barclays PLC reaffirmed an “underweight” rating and issued a $17.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Berenberg Bank set a $17.00 price target on Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Saturday, June 3rd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $21.87.

In other news, CEO Margaret C. Whitman sold 251,268 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $15,051,365.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the sale, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The disclosure for this sale can be found here. Over the last 90 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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