Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 65.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,816 shares of the technology company’s stock after selling 51,871 shares during the quarter. First Hawaiian Bank’s holdings in Hewlett Packard Enterprise were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB grew its holdings in shares of Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares during the period. Sei Investments Co. lifted its position in Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after purchasing an additional 475,397 shares during the last quarter. Mackenzie Financial Corp grew its position in Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after purchasing an additional 196,112 shares during the period. Finally, Guidance Capital Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $931,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,141 shares of company stock worth $2,850,108. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded down $0.69 during midday trading on Monday, reaching $17.34. The stock had a trading volume of 12,875,512 shares, compared to its average volume of 15,459,088. The stock has a market capitalization of $22.54 billion, a P/E ratio of 12.61, a PEG ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The firm’s fifty day simple moving average is $20.29 and its 200-day simple moving average is $17.99.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, June 7th. Bank of America lifted their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Finally, Susquehanna increased their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $21.08.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.