Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 33.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 999,723 shares of the technology company’s stock after selling 497,917 shares during the period. Bank of Montreal Can owned about 0.08% of Hewlett Packard Enterprise worth $14,175,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HPE. Steward Partners Investment Advisory LLC grew its holdings in Hewlett Packard Enterprise by 28.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 24,359 shares of the technology company’s stock valued at $407,000 after purchasing an additional 5,465 shares during the period. National Asset Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 75.7% in the first quarter. National Asset Management Inc. now owns 28,059 shares of the technology company’s stock worth $470,000 after acquiring an additional 12,093 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 34.5% in the first quarter. Metis Global Partners LLC now owns 36,233 shares of the technology company’s stock worth $605,000 after acquiring an additional 9,290 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Arizona State Retirement System now owns 364,106 shares of the technology company’s stock worth $6,084,000 after acquiring an additional 8,549 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of Hewlett Packard Enterprise by 4.9% in the first quarter. abrdn plc now owns 1,026,999 shares of the technology company’s stock worth $17,434,000 after acquiring an additional 47,936 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Neil B. Macdonald sold 2,452 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $13.60, for a total value of $33,347.20. Following the completion of the sale, the executive vice president now directly owns 9,360 shares of the company’s stock, valued at $127,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Tarek Robbiati sold 80,421 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $14.28, for a total transaction of $1,148,411.88. Following the completion of the transaction, the chief financial officer now directly owns 133,321 shares of the company’s stock, valued at approximately $1,903,823.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 2,452 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $13.60, for a total value of $33,347.20. Following the transaction, the executive vice president now directly owns 9,360 shares of the company’s stock, valued at $127,296. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,988 shares of company stock valued at $2,116,392. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HPE shares. Citigroup lowered their price target on Hewlett Packard Enterprise from $13.50 to $11.50 and set a “sell” rating on the stock in a research note on Thursday, October 20th. Barclays lowered their price target on Hewlett Packard Enterprise from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, October 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 31st. Morgan Stanley reduced their price objective on Hewlett Packard Enterprise from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 11th. Finally, KGI Securities downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.15.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $15.63 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.76. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $20.11 billion, a P/E ratio of 5.58, a P/E/G ratio of 2.99 and a beta of 1.20. The stock’s fifty day moving average is $13.51 and its two-hundred day moving average is $13.97.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last issued its quarterly earnings data on Tuesday, August 30th. The technology company reported $0.31 earnings per share 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 analysts’ expectations of $6.97 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post 1.27 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Monday, September 12th were paid a $0.12 dividend. The ex-dividend date was Friday, September 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.07%. Hewlett Packard Enterprise’s payout ratio is presently 17.14%.

Hewlett Packard Enterprise Company Profile

(Get Rating)

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.

Further Reading

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

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