HighPoint Advisor Group LLC Sells 3,006 Shares of Hewlett Packard Enterprise Co (HPE)

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HighPoint Advisor Group LLC trimmed its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,178 shares of the technology company’s stock after selling 3,006 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Hewlett Packard Enterprise were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Todd Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $15,576,000. Keybank National Association OH raised its position in Hewlett Packard Enterprise by 12.4% in the 1st quarter. Keybank National Association OH now owns 67,520 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 7,428 shares during the last quarter. Clark Capital Management Group Inc. raised its position in Hewlett Packard Enterprise by 26.0% in the 1st quarter. Clark Capital Management Group Inc. now owns 3,376,929 shares of the technology company’s stock worth $52,106,000 after purchasing an additional 695,865 shares during the last quarter. TD Asset Management Inc. raised its position in Hewlett Packard Enterprise by 1.1% in the 1st quarter. TD Asset Management Inc. now owns 488,238 shares of the technology company’s stock worth $7,533,000 after purchasing an additional 5,265 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Hewlett Packard Enterprise by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,883,115 shares of the technology company’s stock worth $90,776,000 after purchasing an additional 17,317 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

In other news, EVP John F. Schultz sold 780,830 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $6,534,544.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Philip Davis sold 13,974 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total transaction of $230,571.00. Following the completion of the transaction, the insider now directly 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 a total of 2,251,562 shares of company stock valued at $37,016,136 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

HPE has been the subject of several research analyst reports. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. BMO Capital Markets restated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, February 26th. UBS Group cut 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 research report on Tuesday, March 12th. Finally, Daiwa Capital Markets initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They issued a “hold” rating and a $16.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.85.

Shares of Hewlett Packard Enterprise stock opened at $14.71 on Thursday. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.59. 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 issued its earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations 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 company posted $0.34 EPS. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Co will post 1.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, June 11th. Hewlett Packard Enterprise’s payout ratio is 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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