Regentatlantic Capital LLC Sells 32,075 Shares of Hewlett Packard Enterprise Co (NYSE:HPE)

Regentatlantic Capital LLC lessened its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 444,540 shares of the technology company’s stock after selling 32,075 shares during the period. Regentatlantic Capital LLC’s holdings in Hewlett Packard Enterprise were worth $6,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HPE. Boston Partners boosted its stake in shares of Hewlett Packard Enterprise by 197.6% during the 1st quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock valued at $445,510,000 after purchasing an additional 19,172,670 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Hewlett Packard Enterprise by 621.3% during the 1st quarter. DNB Asset Management AS now owns 1,941,551 shares of the technology company’s stock valued at $29,958,000 after purchasing an additional 1,672,377 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $19,618,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Hewlett Packard Enterprise by 275.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the technology company’s stock valued at $22,425,000 after purchasing an additional 1,100,000 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $15,576,000. 81.80% of the stock is currently owned by institutional investors and hedge funds.

NYSE HPE traded down $1.05 during trading hours on Friday, reaching $13.09. 676,306 shares of the company’s stock traded hands, compared to its average volume of 7,184,058. Hewlett Packard Enterprise Co has a 52-week low of $12.09 and a 52-week high of $17.59. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.36 and a beta of 1.59. The business’s 50-day simple moving average is $14.79. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same period last year, the company posted $0.34 EPS. Hewlett Packard Enterprise’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be issued a $0.112 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.45 annualized dividend and a yield of 3.42%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

A number of equities research analysts have recently weighed in on HPE shares. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, April 11th. They set an “underperform” rating and a $14.00 target price on the stock. Longbow Research started coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They set a “neutral” rating and a $15.00 target price on the stock. Nomura cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, May 22nd. Finally, Evercore ISI assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 price target for the company. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $16.50.

In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. Insiders sold 111,129 shares of company stock valued at $1,558,212 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

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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