Hewlett Packard Enterprise Co (NYSE:HPE) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,207 shares of the technology company’s stock after selling 5,014 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. Cerebellum GP LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Liberty Wealth Management LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $34,000. Truewealth LLC increased its position in shares of Hewlett Packard Enterprise by 72.7% during the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Thor Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $37,000. Finally, Truvestments Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $38,000. Institutional investors own 81.42% of the company’s stock.

In related news, insider Philip Davis sold 10,088 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total transaction of $150,916.48. Following the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at $230,728.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Irv Rothman sold 84,629 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. Insiders have sold a total of 111,129 shares of company stock worth $1,558,212 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Nomura reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Longbow Research assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They set a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, May 22nd. Finally, Maxim Group set a $17.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $16.33.

NYSE:HPE opened at $12.68 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.57. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.59. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.29 and a beta of 1.58. The firm has a 50 day moving average of $14.38 and a 200 day moving average of $15.18.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business posted $0.34 EPS. Hewlett Packard Enterprise’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts expect that Hewlett Packard Enterprise Co will post 1.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.112 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a yield of 3.53%. Hewlett Packard Enterprise’s payout ratio is 28.85%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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