Hewlett Packard Enterprise (NYSE:HPE) Stake Lessened by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,473 shares of the technology company’s stock after selling 4,242 shares during the period. Macquarie Group Ltd.’s holdings in Hewlett Packard Enterprise were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HPE. First Manhattan Co. lifted its holdings in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,139 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $44,000. Twin Tree Management LP purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $45,000. AlphaMark Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1,019.8% in the first quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock valued at $45,000 after purchasing an additional 2,580 shares in the last quarter. Finally, TFC Financial Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 254.1% in the first quarter. TFC Financial Management Inc. now owns 2,815 shares of the technology company’s stock valued at $45,000 after purchasing an additional 2,020 shares in the last quarter. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the transaction, the senior vice president now directly owns 615 shares in the company, valued at $10,860.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the sale, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at $4,361,452.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now directly owns 615 shares in the company, valued at $10,860.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 799,031 shares of company stock worth $13,970,865. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HPE shares. Credit Suisse Group dropped their price target on shares of Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research note on Wednesday, May 31st. Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 29th. They issued a “neutral” rating and a $18.00 price target on the stock. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.33.

Hewlett Packard Enterprise Trading Down 0.4 %

Shares of NYSE:HPE opened at $17.00 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.88. The stock’s 50-day moving average is $17.27 and its 200-day moving average is $15.98. The company has a market cap of $21.81 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.04 and a beta of 1.25. Hewlett Packard Enterprise has a 52-week low of $11.90 and a 52-week high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.99 billion. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Equities research analysts predict that Hewlett Packard Enterprise will post 1.43 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.82%. Hewlett Packard Enterprise’s payout ratio is presently 58.54%.

Hewlett Packard Enterprise 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.