Rockefeller Capital Management L.P. Sells 5,075 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rockefeller Capital Management L.P. lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.9% in the third quarter, HoldingsChannel.com reports. The firm owned 124,566 shares of the technology company’s stock after selling 5,075 shares during the period. Rockefeller Capital Management L.P.’s holdings in Hewlett Packard Enterprise were worth $2,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Investment Counsel Inc increased its stake in Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after purchasing an additional 500 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after acquiring an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after acquiring an additional 536 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after acquiring an additional 579 shares in the last quarter. Finally, Bailard Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after acquiring an additional 580 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HPE. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $28.00 in a research note on Thursday. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.36.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $23.96 on Friday. The company has a market cap of $31.11 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.33 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $20.83 and its two-hundred day simple moving average is $19.85.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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 business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

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.