DekaBank Deutsche Girozentrale cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 409,346 shares of the technology company’s stock after selling 8,372 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hewlett Packard Enterprise were worth $7,368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.5% during the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares during the period. Meridian Investment Counsel Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.5% during the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares during the period. Finally, Budros Ruhlin & Roe Inc. increased its stake in Hewlett Packard Enterprise by 1.4% in the second quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after acquiring an additional 352 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $17.50 price objective (down from $22.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Mizuho reissued a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $15.00 price objective (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have given 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 price target of $17.49.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,023 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 18th. The shares were sold at an average price of $13.67, for a total value of $3,404,144.41. Following the completion of the sale, the chief executive officer now directly owns 1,016,622 shares of the company’s stock, valued at $13,897,222.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy C. Stonesifer sold 56,170 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the sale, the chief financial officer now directly owns 177,634 shares of the company’s stock, valued at $2,449,572.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,920,273 shares of company stock valued at $41,288,784. Insiders own 0.87% of the company’s stock.

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Hewlett Packard Enterprise Company (HPE) opened at $13.68 on Friday. The stock has a market cap of $22,154.27, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.75 and a beta of 2.59. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise Company has a fifty-two week low of $12.97 and a fifty-two week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities analysts expect that Hewlett Packard Enterprise Company will post 1.38 EPS for the current year.

Hewlett Packard Enterprise announced that its board has authorized a stock repurchase plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a $0.075 dividend. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

Hewlett Packard Enterprise 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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