Mason Street Advisors LLC Lowers Holdings in Hewlett Packard Enterprise Co (NYSE:HPE)
Mason Street Advisors LLC decreased its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,005 shares of the technology company’s stock after selling 4,981 shares during the period. Mason Street Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,822,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HPE. Wealthcare Advisory Partners LLC lifted its holdings in Hewlett Packard Enterprise by 367.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after buying an additional 1,679 shares during the period. WealthStone Inc. purchased a new stake in Hewlett Packard Enterprise during the second quarter worth $34,000. Truewealth LLC lifted its holdings in Hewlett Packard Enterprise by 72.7% during the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after buying an additional 1,000 shares during the period. Quest Capital Management Inc. ADV purchased a new stake in Hewlett Packard Enterprise during the third quarter worth $38,000. Finally, CSat Investment Advisory L.P. lifted its holdings in Hewlett Packard Enterprise by 231.9% during the second quarter. CSat Investment Advisory L.P. now owns 2,854 shares of the technology company’s stock worth $43,000 after buying an additional 1,994 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 432,998 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $16.04, for a total transaction of $6,945,287.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 49,635 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.19, for a total value of $753,955.65. Following the sale, the chief executive officer now directly owns 29,602 shares in the company, valued at $449,654.38. The disclosure for this sale can be found here. Insiders have sold a total of 519,526 shares of company stock worth $8,284,389 over the last ninety days. 0.56% of the stock is owned by insiders.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.29 billion. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Equities research analysts predict that Hewlett Packard Enterprise Co will post 1.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.12 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, December 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 28.85%.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 target price for the company. in a report on Friday, November 1st. They noted that the move was a valuation call. Maxim Group lowered their target price on Hewlett Packard Enterprise from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. TheStreet lowered Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, Oppenheimer lowered their target price on Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.
Hewlett Packard Enterprise Company 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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