Huntington National Bank cut its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 77,020 shares of the technology company’s stock after selling 1,157 shares during the period. Huntington National Bank’s holdings in Hewlett Packard Enterprise were worth $1,825,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HPE. Ledyard National Bank boosted its position in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the technology company’s stock worth $100,000 after buying an additional 36 shares during the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $103,000. Reilly Financial Advisors LLC boosted its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock worth $119,000 after buying an additional 250 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in Hewlett Packard Enterprise during the third quarter worth $170,000. Finally, CKW Financial Group boosted its position in Hewlett Packard Enterprise by 5.6% in the third quarter. CKW Financial Group now owns 7,550 shares of the technology company’s stock worth $172,000 after buying an additional 400 shares during the last quarter. 79.10% of the stock is owned by institutional investors.
Hewlett Packard Enterprise Co (NYSE:HPE) traded down 1.500% during midday trading on Friday, hitting $18.055. The stock had a trading volume of 6,451,167 shares. The firm has a market cap of $29.93 billion, a P/E ratio of 9.791 and a beta of 3.05. Hewlett Packard Enterprise Co has a 12-month low of $15.38 and a 12-month high of $24.88. The stock has a 50-day moving average price of $21.06 and a 200 day moving average price of $22.58.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The company earned $11.41 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period in the previous year, the company earned $0.41 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Hewlett Packard Enterprise Co will post $1.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, June 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.42%. Hewlett Packard Enterprise’s dividend payout ratio is presently 14.21%.
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A number of equities analysts recently weighed in on HPE shares. Oppenheimer Holdings Inc. set a $27.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Friday, February 17th. FBN Securities reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, January 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $25.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, February 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.83.
In other news, EVP John F. Schultz sold 17,176 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $24.00, for a total transaction of $412,224.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher P. Hsu sold 31,421 shares of the business’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $23.50, for a total transaction of $738,393.50. Following the sale, the executive vice president now directly owns 31,422 shares of the company’s stock, valued at $738,417. The disclosure for this sale can be found here. Insiders have sold a total of 1,500,214 shares of company stock valued at $33,569,384 over the last three months. Corporate insiders own 0.87% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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