Tiverton Asset Management LLC decreased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 52.2% in the 2nd quarter, Holdings Channel reports. The firm owned 22,458 shares of the technology company’s stock after selling 24,498 shares during the period. Tiverton Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $336,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Hewlett Packard Enterprise by 25.9% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,376 shares of the technology company’s stock valued at $320,000 after purchasing an additional 4,392 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Hewlett Packard Enterprise by 24.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 359,618 shares of the technology company’s stock worth $5,376,000 after buying an additional 69,900 shares in the last quarter. Pacer Advisors Inc. grew its stake in Hewlett Packard Enterprise by 11.9% in the 2nd quarter. Pacer Advisors Inc. now owns 134,402 shares of the technology company’s stock worth $2,009,000 after buying an additional 14,340 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 5.8% in the 2nd quarter. Cetera Advisors LLC now owns 23,527 shares of the technology company’s stock worth $349,000 after buying an additional 1,295 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Hewlett Packard Enterprise by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,998,795 shares of the technology company’s stock worth $194,333,000 after buying an additional 261,286 shares during the last quarter. 81.73% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Oppenheimer dropped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Maxim Group reduced their price target on shares of Hewlett Packard Enterprise from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. TheStreet downgraded shares of Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, May 22nd. Finally, Nomura cut their price objective on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.73.
Shares of Hewlett Packard Enterprise stock traded up $0.15 on Wednesday, hitting $15.24. The stock had a trading volume of 131,437 shares, compared to its average volume of 9,437,329. 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 Co has a one year low of $12.09 and a one year high of $17.27. The stock’s 50-day simple moving average is $13.65 and its two-hundred day simple moving average is $14.89. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.30 and a beta of 1.59.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. The company had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.29 billion. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise Co will post 1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
Hewlett Packard Enterprise 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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