Webster Bank N. A. Sells 1,400 Shares of Hewlett Packard Enterprise Co (NYSE:HPE)

Webster Bank N. A. decreased its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 14.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,000 shares of the technology company’s stock after selling 1,400 shares during the period. Webster Bank N. A.’s holdings in Hewlett Packard Enterprise were worth $120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock worth $234,707,000 after acquiring an additional 384,154 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $522,000. Actinver Wealth Management Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $159,000. American Century Companies Inc. raised its holdings in Hewlett Packard Enterprise by 4.6% in the fourth quarter. American Century Companies Inc. now owns 751,796 shares of the technology company’s stock valued at $9,931,000 after buying an additional 32,777 shares during the period. Finally, Fulton Bank N.A. purchased a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $172,000. Institutional investors own 81.80% of the company’s stock.

NYSE:HPE traded down $0.87 during trading hours on Friday, hitting $13.27. The stock had a trading volume of 21,673,423 shares, compared to its average volume of 7,297,871. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.59. The firm has a 50 day simple moving average of $14.76. The company has a market capitalization of $19.24 billion, a P/E ratio of 8.51, a PEG ratio of 1.34 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $7.38 billion. During the same quarter last year, the company earned $0.34 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts expect that Hewlett Packard Enterprise Co will post 1.67 earnings per share 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 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.

In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Davis sold 10,088 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The disclosure for this sale can be found here. Insiders sold 111,129 shares of company stock valued at $1,558,212 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

HPE has been the topic of several research reports. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, May 22nd. Credit Suisse Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price target on the stock. Nomura cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Longbow Research initiated coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, ValuEngine lowered shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.50.

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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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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