M&T Bank Corp lowered its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 212,541 shares of the technology company’s stock after selling 3,987 shares during the quarter. M&T Bank Corp’s holdings in Hewlett Packard Enterprise were worth $2,807,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Legacy Bridge LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $26,000. Focused Wealth Management Inc acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $63,000. Vectors Research Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $136,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $137,000. 83.94% of the stock is owned by institutional investors.
HPE has been the subject of a number of analyst reports. Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Thursday, October 25th. Raymond James reduced their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Zacks Investment Research reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Tuesday, November 13th. ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, Maxim Group reduced their price target on Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.08.
In related news, SVP Kirt P. Karros sold 14,126 shares of the stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $15.00, for a total transaction of $211,890.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Philip Davis sold 27,182 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $14.67, for a total value of $398,759.94. Following the sale, the insider now owns 41,922 shares in the company, valued at $614,995.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,195 shares of company stock worth $1,795,907. 1.18% of the stock is owned by corporate insiders.
HPE stock opened at $15.92 on Monday. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $19.48. The company has a market capitalization of $22.27 billion, a PE ratio of 10.21, a P/E/G ratio of 1.90 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts forecast that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 dividend on an annualized basis and a yield of 2.83%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
About Hewlett Packard Enterprise
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.
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co (NYSE:HPE).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.