Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Princeton Capital Management LLC

Princeton Capital Management LLC decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 80.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,412 shares of the technology company’s stock after selling 53,658 shares during the quarter. Princeton Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HPE. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $28,000. Hazlett Burt & Watson Inc. lifted its position in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the period. Financial Management Professionals Inc. increased its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several research analyst reports. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Citigroup started coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target for the company. Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $22.00.

Hewlett Packard Enterprise Trading Up 1.5 %

Shares of HPE opened at $21.39 on Tuesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a market capitalization of $27.77 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. The stock has a fifty day moving average of $19.95 and a two-hundred day moving average of $19.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last quarter. Company 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.