B. Riley Financial Inc. lowered its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 58.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,223 shares of the technology company’s stock after selling 32,330 shares during the quarter. B. Riley Financial Inc.’s holdings in Hewlett Packard Enterprise were worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its position in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. BlackRock Inc. now owns 99,730,532 shares of the technology company’s stock worth $1,457,065,000 after buying an additional 1,626,048 shares during the last quarter. LSV Asset Management raised its position in Hewlett Packard Enterprise by 44.5% during the 2nd quarter. LSV Asset Management now owns 15,752,632 shares of the technology company’s stock worth $230,145,000 after buying an additional 4,848,200 shares during the last quarter. Boston Partners raised its position in Hewlett Packard Enterprise by 67.2% during the 2nd quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock worth $204,098,000 after buying an additional 5,615,283 shares during the last quarter. Morgan Stanley raised its position in Hewlett Packard Enterprise by 429.8% during the 2nd quarter. Morgan Stanley now owns 9,860,955 shares of the technology company’s stock worth $144,068,000 after buying an additional 7,999,613 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Hewlett Packard Enterprise by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 8,603,281 shares of the technology company’s stock worth $125,694,000 after buying an additional 1,250,834 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.

A number of brokerages have commented on HPE. Nomura began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 28th. They set a “neutral” rating and a $16.00 price objective for the company. Maxim Group restated a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. BMO Capital Markets cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Finally, Pivotal Research cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, June 14th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.79.

In related news, CFO Timothy C. Stonesifer sold 479,142 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the sale, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $15.33, for a total transaction of $10,332,420.00. Following the completion of the sale, the director now directly owns 1,056,639 shares in the company, valued at $16,198,275.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,206,296 shares of company stock worth $34,247,200. Corporate insiders own 1.18% of the company’s stock.

NYSE:HPE opened at $16.55 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.48. The firm has a market cap of $24.40 billion, a PE ratio of 17.24, a P/E/G ratio of 1.10 and a beta of 1.77.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts expect that Hewlett Packard Enterprise Co will post 1.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Wednesday, September 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, September 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.72%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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