First Manhattan Co. held its stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,348 shares of the technology company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Hewlett Packard Enterprise were worth $155,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Bessemer Group Inc. now owns 6,650,233 shares of the technology company’s stock worth $110,327,000 after buying an additional 40,515 shares during the last quarter. CIBC Asset Management Inc increased its position in Hewlett Packard Enterprise by 1.2% in the second quarter. CIBC Asset Management Inc now owns 159,075 shares of the technology company’s stock worth $2,639,000 after buying an additional 1,938 shares during the period. Great West Life Assurance Co. Can increased its position in Hewlett Packard Enterprise by 5.4% in the second quarter. Great West Life Assurance Co. Can now owns 4,513,331 shares of the technology company’s stock worth $74,763,000 after buying an additional 230,587 shares during the period. Janney Montgomery Scott LLC increased its position in Hewlett Packard Enterprise by 21.1% in the second quarter. Janney Montgomery Scott LLC now owns 137,180 shares of the technology company’s stock worth $2,276,000 after buying an additional 23,895 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in Hewlett Packard Enterprise by 1,559.0% in the second quarter. Harbour Capital Advisors LLC now owns 55,162 shares of the technology company’s stock worth $3,325,000 after buying an additional 51,837 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.30 on Friday. 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. The company has a market capitalization of $28.42 billion, a P/E ratio of 13.12 and a beta of 2.74.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results 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 company had revenue of $9.90 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The firm’s revenue for the quarter was down 22.1% compared to the same quarter last year. Analysts forecast that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.50%. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.

ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/08/13/first-manhattan-co-has-155000-position-in-hewlett-packard-enterprise-company-nysehpe.html.

HPE has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Monday, April 17th. Robert W. Baird reiterated a “hold” rating and set a $19.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 7th. Barclays PLC reiterated an “underweight” rating and set a $17.00 price objective (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $17.00 price objective (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.87.

In other news, SVP Kirt P. Karros sold 20,344 shares of the business’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 sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeff T. Ricci sold 6,460 shares of the business’s 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 sale, the senior vice president now owns 10,352 shares in the company, valued at approximately $196,584.48. The disclosure for this sale can be found here. Insiders sold a total of 1,612,328 shares of company stock worth $28,048,424 in the last 90 days. 0.87% of the stock is owned by corporate 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.