Tower Research Capital LLC TRC reduced its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,244 shares of the technology company’s stock after selling 2,660 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hewlett Packard Enterprise were worth $646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HPE. Geode Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock valued at $234,707,000 after buying an additional 384,154 shares during the period. Cornerstone Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 118.8% during the first quarter. Cornerstone Advisors Inc. now owns 7,742 shares of the technology company’s stock worth $119,000 after purchasing an additional 4,203 shares during the last quarter. American International Group Inc. raised its holdings in Hewlett Packard Enterprise by 4.9% during the first quarter. American International Group Inc. now owns 595,220 shares of the technology company’s stock worth $9,184,000 after purchasing an additional 27,806 shares during the last quarter. Moors & Cabot Inc. acquired a new position in Hewlett Packard Enterprise during the first quarter worth $288,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Hewlett Packard Enterprise by 10.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 155,103 shares of the technology company’s stock worth $2,393,000 after buying an additional 15,058 shares in the last quarter. 81.65% of the stock is owned by institutional investors and hedge funds.

In other news, insider Philip Davis sold 10,088 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the sale, the insider now owns 15,423 shares in the company, valued at approximately $230,728.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

HPE has been the subject of several recent research reports. Oppenheimer dropped their price target on Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. ValuEngine downgraded Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Longbow Research initiated coverage on Hewlett Packard Enterprise in a research report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, August 29th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $15.69.

Shares of NYSE:HPE traded down $0.22 during trading on Tuesday, hitting $14.90. 3,090,372 shares of the company traded hands, compared to its average volume of 8,981,375. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $17.27. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.33 and a beta of 1.59. The business’s fifty day moving average is $13.72 and its 200-day moving average is $14.86. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.59.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.29 billion. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, analysts forecast that Hewlett Packard Enterprise Co will post 1.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.112 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.01%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

Hewlett Packard Enterprise Company Profile

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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

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