Creative Planning lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 3.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 91,281 shares of the technology company’s stock after selling 3,225 shares during the period. Creative Planning’s holdings in Hewlett Packard Enterprise Company were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dodge & Cox acquired a new stake in Hewlett Packard Enterprise Company during the fourth quarter worth $4,831,636,000. Vanguard Group Inc. boosted its stake in Hewlett Packard Enterprise Company by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock worth $2,591,553,000 after buying an additional 4,103,276 shares during the last quarter. BlackRock Inc. boosted its stake in Hewlett Packard Enterprise Company by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Primecap Management Co. CA boosted its stake in Hewlett Packard Enterprise Company by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise Company by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock worth $1,202,593,000 after buying an additional 13,343,212 shares during the last quarter. 80.87% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company (NYSE HPE) opened at 17.19 on Monday. The company has a 50 day moving average price of $17.65 and a 200 day moving average price of $17.65. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 13.03 and a beta of 2.75. Hewlett Packard Enterprise Company has a 52 week low of $14.76 and a 52 week high of $19.16.

Hewlett Packard Enterprise Company (NYSE:HPE) last issued its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Hewlett Packard Enterprise Company had a net margin of 4.85% and a return on equity of 9.80%. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was down 22.1% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise Company will post $1.43 EPS for the current fiscal year.

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A number of research firms have recently weighed in on HPE. Berenberg Bank set a $17.00 price objective on Hewlett Packard Enterprise Company and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Tigress Financial began coverage on Hewlett Packard Enterprise Company in a research report on Monday, April 17th. They issued a “neutral” rating for the company. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise Company in a research report on Monday, June 5th. Zacks Investment Research raised Hewlett Packard Enterprise Company from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Finally, Barclays PLC lowered their price objective on Hewlett Packard Enterprise Company from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.99.

In other Hewlett Packard Enterprise Company news, EVP Christopher P. Hsu sold 72,935 shares of Hewlett Packard Enterprise Company stock in a transaction on Monday, April 24th. The shares were sold at an average price of $18.28, for a total value of $1,333,251.80. Following the transaction, the executive vice president now owns 82,582 shares in the company, valued at approximately $1,509,598.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 194,844 shares of Hewlett Packard Enterprise Company stock in a transaction on Wednesday, July 12th. The shares were 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 in the company, valued at approximately $14,471,801.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 532,637 shares of company stock worth $9,150,294. 0.87% of the stock is owned by company insiders.

About Hewlett Packard Enterprise Company

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 Company (NYSE:HPE)

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