Hewlett Packard Enterprise Company $HPE Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 53.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,370 shares of the technology company’s stock after selling 83,002 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Hewlett Packard Enterprise were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFC Financial Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after buying an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $30,000. Finally, Clearstead Trust LLC raised its holdings in Hewlett Packard Enterprise by 93.8% in the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Maeve C. Culloty sold 35,958 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 13,463 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.68, for a total value of $332,266.84. The disclosure for this sale is available in the SEC filing. Insiders sold 585,537 shares of company stock worth $14,255,864 in the last quarter. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.3%

HPE opened at $21.57 on Thursday. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The firm has a 50 day moving average price of $22.29 and a 200 day moving average price of $23.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. The company has a market cap of $28.66 billion, a PE ratio of -359.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.91 billion. During the same period in the previous year, the company posted $0.58 earnings per share. Hewlett Packard Enterprise’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Argus raised their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Citigroup cut their price objective on shares of Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.29.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.