Trading Report: Today: Adams Asset Advisors LLC Reached $5,264,000 position of Hewlett Packard Enterprise Co. (HPE)

Today: Adams Asset Advisors LLC Reached $5,264,000 position  of Hewlett Packard Enterprise Co. (HPE)

Adams Asset Advisors LLC decreased its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 0.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 231,410 shares of the company’s stock after selling 111 shares during the period. Hewlett Packard Enterprise comprises about 0.7% of Adams Asset Advisors LLC’s portfolio, making the stock its 24th largest position. Adams Asset Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $5,264,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Hewlett Packard Enterprise by 8.6% in the second quarter. Fisher Asset Management LLC now owns 11,213 shares of the company’s stock valued at $217,000 after buying an additional 886 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Hewlett Packard Enterprise by 315.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,697 shares of the company’s stock worth $342,000 after buying an additional 14,197 shares in the last quarter. Alpha Windward LLC raised its stake in shares of Hewlett Packard Enterprise by 388.1% in the second quarter. Alpha Windward LLC now owns 20,274 shares of the company’s stock worth $370,000 after buying an additional 16,120 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Hewlett Packard Enterprise by 2.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 430,135 shares of the company’s stock worth $7,859,000 after buying an additional 12,194 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its stake in shares of Hewlett Packard Enterprise by 35.8% in the second quarter. British Columbia Investment Management Corp now owns 1,057,253 shares of the company’s stock worth $19,316,000 after buying an additional 278,701 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 0.52% during mid-day trading on Monday, reaching $23.34. The company’s stock had a trading volume of 21,804,533 shares. The company’s 50-day moving average is $22.45 and its 200-day moving average is $20.67. The stock has a market capitalization of $38.87 billion and a price-to-earnings ratio of 9.74. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.85.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 12.02%.

HPE has been the subject of a number of research analyst reports. Credit Suisse Group AG raised their price target on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and set a $24.25 price target on shares of Hewlett Packard Enterprise in a research note on Monday, August 15th. Raymond James Financial Inc. initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, August 17th. They set a “market perform” rating and a $22.07 price target for the company. Finally, Vetr lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 price target for the company. in a research note on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.80.

In other news, EVP Christopher P. Hsu sold 4,780 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total value of $110,513.60. Following the sale, the executive vice president now directly owns 71,219 shares in the company, valued at $1,646,583.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann M. Livermore sold 44,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total value of $996,600.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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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