Lebenthal Global Advisors LLC Trims Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Lebenthal Global Advisors LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,578 shares of the technology company’s stock after selling 667 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Premier Path Wealth Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 3.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 20,986 shares of the technology company’s stock worth $444,000 after purchasing an additional 709 shares during the period. New York State Teachers Retirement System grew its stake in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. New York State Teachers Retirement System now owns 1,365,364 shares of the technology company’s stock valued at $28,905,000 after buying an additional 42,131 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $321,000. Fifth Third Bancorp raised its holdings in shares of Hewlett Packard Enterprise by 173.7% in the 2nd quarter. Fifth Third Bancorp now owns 83,606 shares of the technology company’s stock valued at $1,770,000 after buying an additional 53,064 shares during the period. Finally, Veracity Capital LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth about $550,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPE has been the subject of several research reports. Bank of America lifted their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, June 21st. Susquehanna increased their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.08.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.3 %

NYSE HPE traded up $0.44 during trading on Friday, reaching $19.21. 7,959,493 shares of the company’s stock were exchanged, compared to its average volume of 15,076,776. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock has a market cap of $24.97 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The company has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $18.22.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.71%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

About Hewlett Packard Enterprise

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.