Voya Investment Management LLC Sells 1,750,480 Shares of Hewlett Packard Enterprise Company (HPE)

Voya Investment Management LLC lowered its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 74.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 615,377 shares of the technology company’s stock after selling 1,750,480 shares during the period. Voya Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $10,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huber Capital Management LLC increased its stake in Hewlett Packard Enterprise by 11.6% during the 2nd quarter. Huber Capital Management LLC now owns 567,865 shares of the technology company’s stock worth $9,421,000 after acquiring an additional 58,800 shares during the period. CQS Cayman LP bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $348,000. Third Point LLC increased its stake in Hewlett Packard Enterprise by 16.7% during the 2nd quarter. Third Point LLC now owns 7,000,000 shares of the technology company’s stock worth $116,130,000 after acquiring an additional 1,000,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Hewlett Packard Enterprise by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock worth $321,088,000 after acquiring an additional 779,447 shares during the period. Finally, Virtu KCG Holdings LLC increased its stake in Hewlett Packard Enterprise by 151.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 54,371 shares of the technology company’s stock worth $902,000 after acquiring an additional 32,750 shares during the period. Institutional investors own 81.34% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (HPE) opened at 14.80 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $12.26 and a 12-month high of $15.12. The company’s 50 day moving average price is $13.98 and its 200 day moving average price is $13.79. The firm has a market cap of $23.97 billion, a P/E ratio of 205.56 and a beta of 2.71.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise Company will post $1.40 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were given a $0.065 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.76%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

In related news, CEO Margaret C. Whitman sold 249,052 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at $11,722,430.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 194,844 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $16.73, for a total transaction of $3,259,740.12. Following the completion of the transaction, the chief executive officer now owns 865,021 shares of the company’s stock, valued at $14,471,801.33. The disclosure for this sale can be found here. Insiders sold 4,255,362 shares of company stock valued at $66,291,207 over the last quarter. 0.87% of the stock is owned by company insiders.

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

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Hewlett Packard Enterprise Company Profile

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).

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

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