Rhumbline Advisers cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 2,847,412 shares of the technology company’s stock after selling 42,951 shares during the period. Rhumbline Advisers’ holdings in Hewlett Packard Enterprise were worth $47,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wagner Bowman Management Corp increased its position in shares of Hewlett Packard Enterprise by 12.5% in the first quarter. Wagner Bowman Management Corp now owns 11,906 shares of the technology company’s stock valued at $282,000 after buying an additional 1,321 shares during the last quarter. OLD Point Trust & Financial Services N A increased its position in shares of Hewlett Packard Enterprise by 6.6% in the first quarter. OLD Point Trust & Financial Services N A now owns 114,510 shares of the technology company’s stock valued at $2,713,000 after buying an additional 7,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $125,000. Hartford Investment Management Co. increased its position in shares of Hewlett Packard Enterprise by 1.8% in the first quarter. Hartford Investment Management Co. now owns 413,359 shares of the technology company’s stock valued at $9,797,000 after buying an additional 7,228 shares during the last quarter. Finally, Boston Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 5.2% in the first quarter. Boston Advisors LLC now owns 19,765 shares of the technology company’s stock valued at $468,000 after buying an additional 976 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company (HPE) opened at 17.30 on Friday. The stock has a market cap of $28.42 billion, a PE ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise Company has a 12 month low of $15.46 and a 12 month high of $19.16. The company has a 50-day moving average of $17.21 and a 200-day moving average of $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, meeting the Thomson Reuters’ consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the business earned $0.42 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was down 22.1% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.50%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 20.16%.

WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/12/rhumbline-advisers-has-47-24-million-position-in-hewlett-packard-enterprise-company-nysehpe.html.

Several brokerages have commented on HPE. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Credit Suisse Group reissued a “buy” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Barclays PLC cut their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, May 10th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $21.87.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. Following the completion of the transaction, the senior vice president now owns 10,352 shares in the company, valued at $196,584.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now owns 865,021 shares of the company’s stock, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. Insiders have sold 1,612,328 shares of company stock valued at $28,048,424 in the last quarter. 0.87% of the stock is owned by company insiders.

About Hewlett Packard Enterprise

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).

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 Company (NYSE:HPE).

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

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