IMPACTfolio LLC Sells 3,391 Shares of Hewlett Packard Enterprise (NYSE:HPE)

IMPACTfolio LLC reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 24.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,572 shares of the technology company’s stock after selling 3,391 shares during the period. IMPACTfolio LLC’s holdings in Hewlett Packard Enterprise were worth $187,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $90,000. Nomura Holdings Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $491,000. HighPoint Advisor Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth $318,000. Fisher Asset Management LLC raised its position in Hewlett Packard Enterprise by 605.2% in the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after buying an additional 2,790 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Hewlett Packard Enterprise by 53.4% during the 4th quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company’s stock valued at $557,000 after acquiring an additional 11,420 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.32 during trading on Tuesday, reaching $21.98. 28,082,061 shares of the company were exchanged, compared to its average volume of 15,783,703. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company’s 50-day moving average is $18.06 and its two-hundred day moving average is $17.03. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.57 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 3.11 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly 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. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the sale, the executive vice president now owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The disclosure for this sale can be found here. In the last three months, insiders sold 135,680 shares of company stock worth $2,667,136. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HPE has been the subject of several analyst reports. Sanford C. Bernstein increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Susquehanna lifted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Barclays raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $20.69.

Hewlett Packard Enterprise Profile

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.