Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,494 shares of the technology company’s stock after selling 6,620 shares during the quarter. Meyer Handelman Co.’s holdings in Hewlett Packard Enterprise were worth $3,401,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock worth $2,549,380,000 after buying an additional 1,824,331 shares during the period. State Street Corp increased its position in shares of Hewlett Packard Enterprise by 2.9% during the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after purchasing an additional 1,959,250 shares in the last quarter. Bank of America Corp DE increased its position in shares of Hewlett Packard Enterprise by 2.8% during the first quarter. Bank of America Corp DE now owns 38,970,595 shares of the technology company’s stock worth $651,199,000 after purchasing an additional 1,070,913 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Hewlett Packard Enterprise by 121.8% during the first quarter. Bank of New York Mellon Corp now owns 23,931,148 shares of the technology company’s stock worth $399,887,000 after purchasing an additional 13,141,920 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Hewlett Packard Enterprise by 7.6% during the first quarter. Victory Capital Management Inc. now owns 18,787,822 shares of the technology company’s stock worth $310,250,000 after purchasing an additional 1,323,239 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Irv Rothman sold 70,115 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $13.33, for a total value of $934,632.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Credit Suisse Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 16th. They issued an “outperform” rating and a $18.00 target price for the company. Citigroup dropped their target price on Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating for the company in a report on Thursday, June 2nd. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday, September 4th. Finally, Morgan Stanley decreased their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.59.

Hewlett Packard Enterprise Trading Down 3.3 %

HPE traded down $0.41 during mid-day trading on Friday, hitting $11.99. 251,454 shares of the stock were exchanged, compared to its average volume of 12,761,078. The firm’s fifty day moving average is $13.87 and its two-hundred day moving average is $14.78. Hewlett Packard Enterprise has a 1-year low of $12.34 and a 1-year high of $17.76. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $15.43 billion, a PE ratio of 4.43, a PEG ratio of 2.69 and a beta of 1.15.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.97 billion. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. Hewlett Packard Enterprise’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post 1.28 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio is currently 17.14%.

About Hewlett Packard Enterprise

(Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

Featured Stories

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.