Transform Wealth LLC Reduces Stake in Hewlett Packard Enterprise (NYSE:HPE)

Transform Wealth LLC lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 6.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,101 shares of the technology company’s stock after selling 5,363 shares during the period. Transform Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $1,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Hewlett Packard Enterprise by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after purchasing an additional 695,038 shares during the period. Morgan Stanley lifted its stake in shares of Hewlett Packard Enterprise by 4.2% in the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock valued at $275,819,000 after purchasing an additional 634,727 shares during the period. AQR Capital Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 10.0% in the 3rd quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock valued at $250,052,000 after purchasing an additional 1,309,878 shares during the period. Charles Schwab Investment Management Inc. increased its position in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock valued at $152,559,000 after buying an additional 83,037 shares in the last quarter. Finally, abrdn plc increased its position in Hewlett Packard Enterprise by 12.6% during the 4th quarter. abrdn plc now owns 5,048,253 shares of the technology company’s stock valued at $85,719,000 after buying an additional 566,512 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded up $0.13 during trading hours on Thursday, hitting $21.05. The company’s stock had a trading volume of 12,904,232 shares, compared to its average volume of 16,390,266. The business has a 50 day moving average price of $18.57 and a two-hundred day moving average price of $17.26. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a market cap of $27.36 billion, a PE ratio of 15.36, a PEG ratio of 3.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,464 shares of company stock valued at $3,160,866. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Sanford C. Bernstein lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Bank of America lifted their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, June 21st. UBS Group lifted their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.85.

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.