Today, Hewlett Packard Enterprise Co. (HPE) Position Decreased by US Bancorp DE

Today, Hewlett Packard Enterprise Co. (HPE) Position Decreased by US Bancorp DE
US Bancorp DE reduced its position in shares of Hewlett Packard Enterprise Co. (NYSE:HPE) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 723,220 shares of the company’s stock after selling 52,047 shares during the period. US Bancorp DE’s holdings in Hewlett Packard Enterprise were worth $16,454,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth $100,000. Ledyard National Bank raised its position 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 worth $100,000 after buying an additional 36 shares during the last quarter. MCF Advisors LLC raised its position 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 worth $103,000 after buying an additional 2,501 shares during the last quarter. Ropes Wealth Advisors LLC raised its position 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 worth $146,000 after buying an additional 195 shares during the last quarter. Finally, Cedar Wealth Management LLC raised its position 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 worth $150,000 after buying an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 2.08% on Friday, reaching $23.06. 5,956,737 shares of the company were exchanged. The firm has a 50 day moving average price of $22.45 and a 200-day moving average price of $20.62. The stock has a market capitalization of $38.41 billion and a PE ratio of 9.62. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.85.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.10%. Hewlett Packard Enterprise’s payout ratio is 12.02%.

A number of equities analysts have recently commented on the stock. Jefferies Group reduced their price objective on shares of Hewlett Packard Enterprise to $27.00 in a research note on Friday. Deutsche Bank AG increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays PLC increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Robert W. Baird restated a “hold” rating and set a $24.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $22.80.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the transaction, the chief financial officer now directly owns 101,610 shares in the company, valued at $2,236,436.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher P. Hsu sold 4,780 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $23.12, for a total transaction of $110,513.60. Following the completion of the transaction, the executive vice president now owns 71,219 shares in the company, valued at $1,646,583.28. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Related posts

Leave a Comment