Checchi Capital Advisers LLC trimmed its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,755 shares of the technology company’s stock after selling 923 shares during the period. Checchi Capital Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $182,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in Hewlett Packard Enterprise by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 320,003 shares of the technology company’s stock valued at $4,226,000 after acquiring an additional 3,824 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Hewlett Packard Enterprise by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock worth $204,450,000 after purchasing an additional 1,229,369 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 17.6% during the fourth quarter. Calamos Advisors LLC now owns 295,805 shares of the technology company’s stock worth $3,908,000 after purchasing an additional 44,286 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Hewlett Packard Enterprise by 0.7% during the third quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock worth $135,376,000 after purchasing an additional 54,050 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in shares of Hewlett Packard Enterprise by 192.9% during the third quarter. Paloma Partners Management Co now owns 441,042 shares of the technology company’s stock worth $7,193,000 after purchasing an additional 290,444 shares in the last quarter. Institutional investors own 80.44% of the company’s stock.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $15.00, for a total value of $209,610.00. Following the completion of the sale, the insider now owns 67,508 shares of the company’s stock, valued at approximately $1,012,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 14,126 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $15.00, for a total transaction of $211,890.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,702,360 shares of company stock valued at $27,895,760 in the last ninety days. 0.56% of the stock is currently owned by insiders.
Shares of Hewlett Packard Enterprise stock traded up $0.41 during trading on Friday, hitting $16.07. 20,228,345 shares of the stock were exchanged, compared to its average volume of 11,481,189. The firm has a market capitalization of $22.02 billion, a PE ratio of 10.30, a P/E/G ratio of 1.53 and a beta of 1.60. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $19.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, analysts expect that Hewlett Packard Enterprise Co will post 1.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, March 12th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $21.00 to $15.00 in a report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, February 26th. UBS Group lowered shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $17.00 to $13.00 in a report on Tuesday. Finally, BMO Capital Markets restated a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.27.
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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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