Guidance Capital Inc. Cuts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Guidance Capital Inc. decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,197 shares of the technology company’s stock after selling 1,378 shares during the period. Guidance Capital Inc.’s holdings in Hewlett Packard Enterprise were worth $1,142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc increased its stake in shares of Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after purchasing an additional 500 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares in the last quarter. Bailard Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after purchasing an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management increased its stake in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after purchasing an additional 581 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 1.4 %

Shares of HPE stock traded down $0.27 during trading hours on Wednesday, hitting $19.62. The company had a trading volume of 1,852,645 shares, compared to its average volume of 15,607,351. The company’s fifty day moving average is $19.21 and its 200 day moving average is $19.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The stock has a market capitalization of $25.50 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.46.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.