Hewlett Packard Enterprise Co (NYSE:HPE) Shares Sold by Parisi Gray Wealth Management
Parisi Gray Wealth Management cut its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 23.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,267 shares of the technology company’s stock after selling 1,941 shares during the period. Parisi Gray Wealth Management’s holdings in Hewlett Packard Enterprise were worth $97,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.6% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock worth $373,000 after purchasing an additional 621 shares during the last quarter. Private Ocean LLC grew its holdings in Hewlett Packard Enterprise by 34.9% during the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after acquiring an additional 668 shares in the last quarter. Stephens Inc. AR grew its holdings in Hewlett Packard Enterprise by 4.9% during the 4th quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock worth $223,000 after acquiring an additional 788 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Hewlett Packard Enterprise by 12.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 7,471 shares of the technology company’s stock worth $99,000 after acquiring an additional 808 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Hewlett Packard Enterprise by 7.2% during the 1st quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock worth $191,000 after acquiring an additional 834 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
Several research analysts have issued reports on the stock. Nomura dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, May 22nd. Evercore ISI assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 target price on the stock. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Finally, UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $17.00 to $13.00 in a report on Tuesday, March 12th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.71.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts forecast that Hewlett Packard Enterprise Co will post 1.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
In related news, insider Antonio F. Neri sold 591,276 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total value of $9,761,966.76. Following the completion of the transaction, the insider now directly owns 59,110 shares of the company’s stock, valued at approximately $975,906.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Davis sold 16,412 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. Insiders sold a total of 692,317 shares of company stock worth $11,169,262 over the last 90 days. Company insiders own 0.56% of the company’s stock.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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