Today, Bank of Hawaii Boosts Stake in Hewlett Packard Enterprise Co. (HPE)

Today, Bank of Hawaii Boosts Stake in Hewlett Packard Enterprise Co. (HPE)
Bank of Hawaii boosted its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 24,320 shares of the company’s stock after buying an additional 365 shares during the period. Bank of Hawaii’s holdings in Hewlett Packard Enterprise were worth $553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at about $100,000. Ledyard National Bank increased its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares during the period. MCF Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in shares of Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the period. Institutional investors own 79.61% of the company’s stock.

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 1.40% during trading on Friday, hitting $23.22. The company had a trading volume of 10,647,783 shares. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.85. The stock has a market cap of $38.67 billion and a PE ratio of 9.69. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $20.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise Co. will post $2.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date is Monday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 1.12%. Hewlett Packard Enterprise’s dividend payout ratio is 12.02%.

Several analysts recently issued reports on the company. Vetr downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $23.99 price target on the stock. in a report on Monday, November 7th. Wells Fargo & Co. downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Mizuho raised their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer Holdings Inc. set a $25.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays PLC raised their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.80.

In related news, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 12,555 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $23.46, for a total value of $294,540.30. Following the sale, the executive vice president now owns 79,447 shares in the company, valued at $1,863,826.62. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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