M&T Bank Corp Sells 3,987 Shares of Hewlett Packard Enterprise Co (HPE)

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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%.

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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.

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

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