Hewlett Packard Enterprise Co (NYSE:HPE) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 793,007 shares of the technology company’s stock after selling 121,573 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Hewlett Packard Enterprise worth $11,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Vanguard Group Inc. boosted its position in Hewlett Packard Enterprise by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock valued at $1,673,205,000 after buying an additional 2,145,947 shares during the last quarter. BlackRock Inc. boosted its position in Hewlett Packard Enterprise by 7.7% in the 2nd quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after buying an additional 7,054,145 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Hewlett Packard Enterprise by 14.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,357,266 shares of the technology company’s stock valued at $214,641,000 after buying an additional 1,843,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 valued at $194,333,000 after buying an additional 261,286 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Hewlett Packard Enterprise by 24.7% during the second quarter. Invesco Ltd. now owns 12,041,146 shares of the technology company’s stock worth $180,014,000 after purchasing an additional 2,383,889 shares during the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 49,635 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.19, for a total value of $753,955.65. Following the sale, the chief executive officer now owns 29,602 shares in the company, valued at $449,654.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Davis sold 16,436 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total transaction of $237,171.48. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Several brokerages have recently commented on HPE. TheStreet cut shares of Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Susquehanna Bancshares set a $15.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Friday, September 13th. Nomura reduced their price target on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. ValuEngine raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.81.

NYSE HPE traded down $0.10 during trading hours on Friday, reaching $14.40. The company’s stock had a trading volume of 9,557,611 shares, compared to its average volume of 10,179,179. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $14.11 and a 200 day simple moving average of $14.74. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.02. The stock has a market cap of $18.80 billion, a PE ratio of 9.23, a PEG ratio of 1.27 and a beta of 1.60.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The firm had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the company posted $0.44 earnings per share. Hewlett Packard Enterprise’s revenue was down 7.0% on a year-over-year basis. As a group, equities analysts predict that Hewlett Packard Enterprise Co will post 1.74 EPS for the current year.

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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