Toronto Dominion Bank Sells 145,955 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Toronto Dominion Bank trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,784 shares of the technology company’s stock after selling 145,955 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Hewlett Packard Enterprise worth $14,751,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its position in Hewlett Packard Enterprise by 709.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 205,856 shares of the technology company’s stock worth $3,495,000 after buying an additional 180,410 shares in the last quarter. TD Asset Management Inc grew its position in Hewlett Packard Enterprise by 49.0% during the fourth quarter. TD Asset Management Inc now owns 799,850 shares of the technology company’s stock worth $13,581,000 after buying an additional 263,182 shares in the last quarter. Stifel Financial Corp grew its position in Hewlett Packard Enterprise by 2.3% during the fourth quarter. Stifel Financial Corp now owns 714,617 shares of the technology company’s stock worth $12,134,000 after buying an additional 16,228 shares in the last quarter. Bank of Nova Scotia grew its position in Hewlett Packard Enterprise by 11.7% during the fourth quarter. Bank of Nova Scotia now owns 2,572,474 shares of the technology company’s stock worth $43,679,000 after buying an additional 270,409 shares in the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $4,372,000. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 7th. Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $24.00 in a report on Wednesday. Finally, Sanford C. Bernstein lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $21.31.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.15 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The firm has a 50 day moving average of $18.56 and a 200-day moving average of $18.65. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $26.18 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Hewlett Packard Enterprise’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

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.