John G Ullman & Associates Inc. Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

John G Ullman & Associates Inc. trimmed its stake in Hewlett Packard Enterprise (NYSE:HPEFree Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,500 shares of the technology company’s stock after selling 700 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Hewlett Packard Enterprise were worth $512,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aspire Private Capital LLC increased its holdings in shares of Hewlett Packard Enterprise by 169.2% during the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after buying an additional 765 shares during the last quarter. Valley National Advisers Inc. increased its stake in Hewlett Packard Enterprise by 68.1% during the second quarter. Valley National Advisers Inc. now owns 1,728 shares of the technology company’s stock worth $30,000 after acquiring an additional 700 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of Hewlett Packard Enterprise by 90.2% in the 2nd quarter. McIlrath & Eck LLC now owns 1,910 shares of the technology company’s stock worth $32,000 after purchasing an additional 906 shares during the period. First Manhattan Co. lifted its stake in shares of Hewlett Packard Enterprise by 89.4% in the 1st 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. Finally, Glassman Wealth Services increased its position in Hewlett Packard Enterprise by 72.0% during the 2nd quarter. Glassman Wealth Services now owns 2,444 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $15.04 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $18.14. The business has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $16.72. The firm has a market cap of $19.55 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its quarterly earnings results on Tuesday, November 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.36 billion. Hewlett Packard Enterprise had a net margin of 6.95% and a return on equity of 9.83%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.58 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Wednesday, December 13th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.12. Hewlett Packard Enterprise’s dividend payout ratio is 33.77%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 209,748 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $16.40, for a total value of $3,439,867.20. Following the completion of the sale, the executive vice president now directly owns 278,118 shares of the company’s stock, valued at $4,561,135.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, CFO Jeremy Cox sold 4,887 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $16.37, for a total value of $80,000.19. Following the completion of the transaction, the chief financial officer now owns 29,934 shares of the company’s stock, valued at $490,019.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 209,748 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $16.40, for a total transaction of $3,439,867.20. Following the sale, the executive vice president now directly owns 278,118 shares in the company, valued at $4,561,135.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,575 shares of company stock valued at $4,989,141. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HPE. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $20.00 to $17.00 in a research report on Tuesday. Morgan Stanley increased their price target on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, November 29th. Raymond James boosted their price objective on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Barclays dropped their target price on Hewlett Packard Enterprise from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 29th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $17.60.

View Our Latest Stock Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

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

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