Hewlett Packard Enterprise Company (HPE) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,432 shares of the technology company’s stock after purchasing an additional 250 shares during the period. Westside Investment Management Inc.’s holdings in Hewlett Packard Enterprise were worth $292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harfst & Associates Inc. purchased a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $127,000. Guardian Life Insurance Co. of America grew its position in Hewlett Packard Enterprise by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after purchasing an additional 43 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after purchasing an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Hewlett Packard Enterprise by 55.1% during the second quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,920 shares in the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.

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Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.20% during trading on Friday, reaching $14.80. 11,827,338 shares of the company traded hands. The company has a market cap of $23.97 billion, a PE ratio of 205.56 and a beta of 2.71. The company’s 50-day moving average is $13.98 and its 200 day moving average is $13.79. Hewlett Packard Enterprise Company has a 12 month low of $12.26 and a 12 month high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 371.48%.

Several research firms have commented on HPE. Maxim Group reissued a “hold” rating and issued a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. Royal Bank Of Canada decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. BidaskClub raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.51.

In related news, EVP Henry Gomez sold 494,360 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the transaction, the chief executive officer now directly owns 1,514,639 shares of the company’s stock, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders have sold 4,255,362 shares of company stock valued at $66,291,207 in the last three months. Insiders own 0.87% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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