West Branch Capital LLC Sells 2,154 Shares of Hewlett Packard Enterprise Co (HPE)

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West Branch Capital LLC trimmed its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 3.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 57,478 shares of the technology company’s stock after selling 2,154 shares during the quarter. West Branch Capital LLC’s holdings in Hewlett Packard Enterprise were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc boosted its holdings in Hewlett Packard Enterprise by 5.8% in the third quarter. Standard Life Aberdeen plc now owns 675,546 shares of the technology company’s stock valued at $11,018,000 after purchasing an additional 36,807 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Hewlett Packard Enterprise by 9.3% in the third quarter. LPL Financial LLC now owns 86,033 shares of the technology company’s stock valued at $1,403,000 after acquiring an additional 7,349 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Hewlett Packard Enterprise by 61.5% in the third quarter. Mackenzie Financial Corp now owns 21,613 shares of the technology company’s stock valued at $353,000 after acquiring an additional 8,233 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Hewlett Packard Enterprise by 8.1% in the third quarter. Nordea Investment Management AB now owns 758,347 shares of the technology company’s stock valued at $12,367,000 after acquiring an additional 56,891 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Hewlett Packard Enterprise by 0.7% in the third quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock valued at $135,376,000 after acquiring an additional 54,050 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

HPE has been the subject of several research analyst reports. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, February 26th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 price objective (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, January 16th. BMO Capital Markets reissued a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. ValuEngine raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Daiwa Capital Markets initiated coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.92.

Shares of Hewlett Packard Enterprise stock traded up $0.03 during trading hours on Thursday, hitting $15.82. 45,915 shares of the company were exchanged, compared to its average volume of 7,988,422. Hewlett Packard Enterprise Co has a 1 year low of $12.09 and a 1 year high of $17.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. The stock has a market capitalization of $21.67 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. The business had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 780,830 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.32, for a total value of $12,743,145.60. Following the completion of the transaction, the executive vice president now owns 400,401 shares in the company, valued at $6,534,544.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Davis sold 13,974 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.50, for a total value of $230,571.00. Following the completion of the transaction, the insider now owns 16,412 shares of the company’s stock, valued at approximately $270,798. The disclosure for this sale can be found here. Insiders have sold 2,251,562 shares of company stock valued at $37,016,136 in the last 90 days. Company insiders own 0.56% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

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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