Toroso Investments LLC Lowers Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Toroso Investments LLC cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 8.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,147 shares of the technology company’s stock after selling 5,568 shares during the quarter. Toroso Investments LLC’s holdings in Hewlett Packard Enterprise were worth $911,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. First Manhattan Co. lifted its position in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,139 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth $44,000. Twin Tree Management LP purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $45,000. AlphaMark Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 1,019.8% in the first quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock valued at $45,000 after buying an additional 2,580 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 254.1% in the first quarter. TFC Financial Management Inc. now owns 2,815 shares of the technology company’s stock worth $45,000 after buying an additional 2,020 shares in the last quarter. 81.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on HPE shares. Credit Suisse Group lowered their price target on shares of Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Morgan Stanley raised their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Hewlett Packard Enterprise from $16.00 to $15.00 in a report on Wednesday, May 31st. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.33.

Hewlett Packard Enterprise Stock Down 0.4 %

Shares of NYSE HPE opened at $17.00 on Tuesday. The business has a 50-day moving average price of $17.27 and a 200 day moving average price of $15.98. The stock has a market cap of $21.81 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.04 and a beta of 1.25. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 52-week low of $11.90 and a 52-week high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, August 29th. The technology company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Hewlett Packard Enterprise had a net margin of 3.64% and a return on equity of 5.32%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.43 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. Hewlett Packard Enterprise’s dividend payout ratio is currently 58.54%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $17.66, for a total transaction of $373,173.46. Following the sale, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 21,131 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 434,884 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $7,601,772.32. Following the transaction, the chief executive officer now directly owns 1,370,291 shares of the company’s stock, valued at $23,952,686.68. The disclosure for this sale can be found here. Insiders have sold a total of 799,031 shares of company stock worth $13,970,865 over the last three months. 0.53% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Profile

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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.