Hewlett Packard Enterprise Company (HPE) Position Decreased by Pointe Capital Management LLC
Pointe Capital Management LLC lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 8.4% during the second quarter, Holdings Channel reports. The firm owned 14,756 shares of the technology company’s stock after selling 1,359 shares during the period. Pointe Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $245,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Spirit of America Management Corp NY increased its position in Hewlett Packard Enterprise by 30.0% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company’s stock valued at $339,000 after buying an additional 3,300 shares during the period. Capstone Asset Management Co. increased its position in Hewlett Packard Enterprise by 1.7% in the first quarter. Capstone Asset Management Co. now owns 146,183 shares of the technology company’s stock valued at $3,465,000 after buying an additional 2,384 shares during the period. BLB&B Advisors LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $247,000. First National Bank & Trust Co. of Newtown increased its position in Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock valued at $756,000 after buying an additional 80 shares during the period. Finally, Heritage Investors Management Corp increased its position in Hewlett Packard Enterprise by 2.4% in the first quarter. Heritage Investors Management Corp now owns 247,068 shares of the technology company’s stock valued at $5,856,000 after buying an additional 5,900 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (HPE) opened at 17.12 on Friday. The firm has a market cap of $28.12 billion, a PE ratio of 12.98 and a beta of 2.74. Hewlett Packard Enterprise Company has a 52 week low of $15.46 and a 52 week high of $19.16. The stock’s 50 day moving average is $17.20 and its 200-day moving average is $17.61.
Hewlett Packard Enterprise (NYSE:HPE) last released 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. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, equities analysts predict that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 20.16%.
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HPE has been the topic of several recent analyst reports. Tigress Financial initiated coverage on shares of Hewlett Packard Enterprise in a report on Monday, April 17th. They set a “neutral” rating on the stock. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Monday, April 17th. Barclays PLC cut their price objective on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 10th. Credit Suisse Group restated a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $21.87.
In other news, SVP Jeff T. Ricci sold 6,460 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the transaction, the senior vice president now owns 10,352 shares of the company’s stock, valued at $196,584.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. In the last three months, insiders sold 1,612,328 shares of company stock worth $28,048,424. Corporate insiders own 0.87% of the company’s stock.
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).
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