Todd Asset Management LLC Reduces Stake in Hewlett Packard Enterprise Co (NYSE:HPE)

Todd Asset Management LLC cut its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 979,831 shares of the technology company’s stock after selling 29,643 shares during the quarter. Todd Asset Management LLC owned about 0.07% of Hewlett Packard Enterprise worth $14,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $25,000. Wealthcare Advisory Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 367.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,679 shares during the period. Truewealth LLC grew its holdings in shares of Hewlett Packard Enterprise by 72.7% during the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Thor Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $37,000. Finally, Private Ocean LLC grew its holdings in shares of Hewlett Packard Enterprise by 34.9% during the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after purchasing an additional 668 shares during the period. Institutional investors and hedge funds own 79.23% of the company’s stock.

Hewlett Packard Enterprise stock traded down $0.50 during midday trading on Friday, reaching $12.75. 10,735,960 shares of the stock traded hands, compared to its average volume of 9,541,463. The company has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $15.08. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.59. The firm has a market cap of $17.74 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.58. 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 announced its earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. 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 business posted $0.34 EPS. Hewlett Packard Enterprise’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current year.

The business also recently declared 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 yield of 3.51%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.

HPE has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 price target for the company. Barclays initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 price target for the company. Longbow Research initiated coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They set a “neutral” rating and a $15.00 price target for the company. Maxim Group set a $17.00 price target on Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Nomura lowered their price target on Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.21.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,412 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $14.33, for a total value of $235,183.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Irv Rothman sold 84,629 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 111,129 shares of company stock worth $1,558,212 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

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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