Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,265 shares of the technology company’s stock after selling 963 shares during the quarter. Hartford Investment Management Co.’s holdings in Hewlett Packard Enterprise were worth $1,683,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after purchasing an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after purchasing an additional 822,722 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after purchasing an additional 617,691 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock valued at $200,776,000 after buying an additional 237,321 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $19.40 on Friday. The stock’s 50 day moving average price is $19.24 and its 200 day moving average price is $19.04. The firm has a market cap of $25.21 billion, a P/E ratio of 14.16, a PEG ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Susquehanna reissued a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Finally, UBS Group lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.46.

About Hewlett Packard Enterprise

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.