Korea Investment CORP lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 36.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 434,059 shares of the technology company’s stock after selling 250,800 shares during the period. Korea Investment CORP’s holdings in Hewlett Packard Enterprise were worth $6,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in HPE. Whitebox Advisors LLC grew its stake in Hewlett Packard Enterprise by 23.2% during the 1st quarter. Whitebox Advisors LLC now owns 2,853,500 shares of the technology company’s stock valued at $67,628,000 after acquiring an additional 537,553 shares in the last quarter. Cambria Investment Management L.P. grew its stake in Hewlett Packard Enterprise by 15.1% during the 1st quarter. Cambria Investment Management L.P. now owns 42,638 shares of the technology company’s stock valued at $1,011,000 after acquiring an additional 5,609 shares in the last quarter. Barings LLC grew its stake in Hewlett Packard Enterprise by 16.1% during the 1st quarter. Barings LLC now owns 404,037 shares of the technology company’s stock valued at $9,576,000 after acquiring an additional 56,100 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Hewlett Packard Enterprise by 681.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 840,820 shares of the technology company’s stock valued at $19,927,000 after acquiring an additional 733,174 shares in the last quarter. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at about $1,825,000. 81.16% of the stock is owned by institutional investors and hedge funds.

HPE has been the topic of several recent analyst reports. Maxim Group reiterated a “hold” rating and issued a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Royal Bank Of Canada decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $17.79.

In other news, CEO Margaret C. Whitman sold 1,494,094 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the sale, the chief executive officer now directly owns 1,514,639 shares of the company’s stock, valued at $21,613,898.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Insiders sold a total of 3,222,617 shares of company stock worth $46,989,767 in the last quarter. 0.87% of the stock is owned by corporate insiders.

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Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis.

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

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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