Cubist Systematic Strategies LLC cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 33.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,900 shares of the technology company’s stock after selling 53,261 shares during the period. Cubist Systematic Strategies LLC’s holdings in Hewlett Packard Enterprise were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. YorkBridge Wealth Partners LLC increased its stake in Hewlett Packard Enterprise by 3.2% in 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 during the period. Westside Investment Management Inc. increased its stake in Hewlett Packard Enterprise by 1.5% in the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock valued at $292,000 after purchasing an additional 250 shares during the period. Meridian Investment Counsel Inc. increased its stake in Hewlett Packard Enterprise by 1.5% in the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock valued at $391,000 after purchasing an additional 350 shares during the period. Budros Ruhlin & Roe Inc. increased its stake in Hewlett Packard Enterprise by 1.4% in the second quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after purchasing an additional 352 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Hewlett Packard Enterprise by 2.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,102 shares of the technology company’s stock valued at $334,000 after purchasing an additional 405 shares during the period. Institutional investors own 83.46% of the company’s stock.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the sale, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38. Following the completion of the sale, the chief executive officer now directly owns 1,514,639 shares in the company, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,730,277 shares of company stock worth $38,849,235. 0.87% of the stock is owned by insiders.

A number of brokerages have recently issued reports on HPE. Sanford C. Bernstein reiterated a “buy” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Gabelli reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Maxim Group reiterated a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Royal Bank of Canada reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, UBS reiterated a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.04.

Shares of Hewlett Packard Enterprise Company (HPE) opened at $14.41 on Friday. The company has a market cap of $22,712.80, a PE ratio of 10.95, a P/E/G ratio of 2.40 and a beta of 2.48. Hewlett Packard Enterprise Company has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. analysts forecast that Hewlett Packard Enterprise Company will post 1.19 EPS for the current year.

Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.08%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s payout ratio is currently 142.86%.

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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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