OLD Point Trust & Financial Services N A lowered its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,775 shares of the technology company’s stock after selling 5,800 shares during the period. Hewlett Packard Enterprise accounts for approximately 1.8% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 21st biggest holding. OLD Point Trust & Financial Services N A’s holdings in Hewlett Packard Enterprise were worth $3,188,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of HPE. LS Investment Advisors LLC boosted its stake in Hewlett Packard Enterprise by 4.4% in the 2nd quarter. LS Investment Advisors LLC now owns 83,966 shares of the technology company’s stock worth $1,227,000 after buying an additional 3,569 shares during the last quarter. Personal Resources Investment & Strategic Management Inc. boosted its stake in Hewlett Packard Enterprise by 5.2% in the 3rd quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock worth $1,267,000 after buying an additional 3,932 shares during the last quarter. LPL Financial LLC boosted its stake in Hewlett Packard Enterprise by 5.0% in the 1st quarter. LPL Financial LLC now owns 83,694 shares of the technology company’s stock worth $1,468,000 after buying an additional 3,959 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in Hewlett Packard Enterprise by 1.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 304,835 shares of the technology company’s stock worth $4,454,000 after buying an additional 3,967 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Hewlett Packard Enterprise by 44.0% in the 2nd quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock worth $211,000 after buying an additional 4,419 shares during the last quarter. 82.92% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on HPE shares. Nomura started coverage on Hewlett Packard Enterprise in a research note on Thursday, June 28th. They issued a “neutral” rating and a $16.00 price target on the stock. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, July 16th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Tuesday, August 21st. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Finally, Maxim Group reissued a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.65.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. On average, equities research analysts expect that Hewlett Packard Enterprise Co will post 1.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.
In related news, insider Antonio F. Neri sold 36,556 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $16.50, for a total transaction of $603,174.00. Following the sale, the insider now directly owns 170,721 shares in the company, valued at approximately $2,816,896.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the sale, the insider now owns 87,828 shares in the company, valued at $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 685,704 shares of company stock worth $11,342,061 over the last ninety days. Corporate insiders own 1.18% of the company’s stock.
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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