Hewlett Packard Enterprise Company $HPE Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,518 shares of the technology company’s stock after selling 7,362 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Hewlett Packard Enterprise were worth $1,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock worth $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Hewlett Packard Enterprise by 15.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after buying an additional 2,373,850 shares during the last quarter. Northern Trust Corp grew its position in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after buying an additional 545,775 shares during the last quarter. National Bank of Canada FI boosted its stake in Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after purchasing an additional 15,171,314 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after purchasing an additional 3,922,516 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HPE. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Finally, Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.81.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $24.55 on Wednesday. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $25.36. The firm has a 50 day moving average price of $22.52 and a 200 day moving average price of $19.12. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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.