HL Financial Services LLC increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 50.8% during the second quarter, Holdings Channel reports. The institutional investor owned 19,288 shares of the technology company’s stock after buying an additional 6,500 shares during the period. HL Financial Services LLC’s holdings in Hewlett Packard Enterprise were worth $320,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $125,000. Finally, Harfst & Associates Inc. bought a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $127,000. 79.80% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company (HPE) opened at 17.75 on Wednesday. The firm has a 50-day moving average price of $17.26 and a 200-day moving average price of $17.63. The firm has a market cap of $29.16 billion, a PE ratio of 13.46 and a beta of 2.74. Hewlett Packard Enterprise Company has a one year low of $15.49 and a one year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.46%. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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Several equities analysts have weighed in on the company. Berenberg Bank set a $17.00 price objective on Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, June 5th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Monday, June 5th. Barclays PLC dropped their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.87.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.99, for a total transaction of $122,675.40. Following the sale, the senior vice president now owns 10,352 shares in the company, valued at $196,584.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. Insiders have sold 1,591,984 shares of company stock worth $27,663,922 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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 (NYSE:HPE)

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