Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,476 shares of the technology company’s stock after selling 5,256 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hewlett Packard Enterprise were worth $497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $30,000. LS Investment Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $32,000. First Manhattan Co. raised its stake in shares of Hewlett Packard Enterprise by 89.4% during the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares during the last quarter. Urban Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $35,000. Finally, BDO Wealth Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 161.9% during the first quarter. BDO Wealth Advisors LLC now owns 2,912 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CFO Tarek Robbiati sold 80,421 shares of Hewlett Packard Enterprise stock in a transaction on Friday, October 28th. The shares were sold at an average price of $14.28, for a total value of $1,148,411.88. Following the completion of the transaction, the chief financial officer now owns 133,321 shares of the company’s stock, valued at $1,903,823.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 70,115 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available through this hyperlink. Also, CFO Tarek Robbiati sold 80,421 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $14.28, for a total value of $1,148,411.88. Following the completion of the sale, the chief financial officer now owns 133,321 shares in the company, valued at $1,903,823.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,988 shares of company stock valued at $2,116,392. 0.45% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $15.23 on Thursday. The business’s 50-day moving average price is $13.33 and its 200 day moving average price is $13.98. The company has a market capitalization of $19.60 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 2.90 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.76.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its earnings results on Tuesday, August 30th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts predict that Hewlett Packard Enterprise will post 1.27 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Monday, September 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Friday, September 9th. Hewlett Packard Enterprise’s payout ratio is currently 17.14%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays dropped their price objective on Hewlett Packard Enterprise from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. KGI Securities lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Citigroup dropped their price objective on Hewlett Packard Enterprise from $13.50 to $11.50 and set a “sell” rating on the stock in a report on Thursday, October 20th. Finally, Credit Suisse Group dropped their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.15.

Hewlett Packard Enterprise Profile

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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.

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

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