New England Asset Management Inc. reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 109,304 shares of the technology company’s stock after selling 17,400 shares during the period. New England Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox increased its stake in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after buying an additional 25,852,541 shares during the period. Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after buying an additional 1,508,612 shares during the period. BlackRock Inc. grew its stake in shares of Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after purchasing an additional 95,915,907 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares during the period. Finally, Primecap Management Co. CA grew its stake in shares of Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares during the period. 81.34% of the stock is owned by institutional investors.

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In other news, CEO Margaret C. Whitman sold 389,651 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the sale, the chief executive officer now directly owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 194,844 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $16.73, for a total value of $3,259,740.12. Following the completion of the sale, the chief executive officer now owns 865,021 shares of the company’s stock, valued at $14,471,801.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,255,362 shares of company stock valued at $66,291,207. 0.87% of the stock is currently owned by company insiders.

HPE has been the subject of a number of analyst reports. Barclays PLC reaffirmed a “sell” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. CIBC decreased their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Maxim Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. Finally, Loop Capital initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They set a “hold” rating and a $17.00 price objective for the company. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.51.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down 1.15% during mid-day trading on Friday, hitting $14.66. The stock had a trading volume of 4,071,661 shares. The firm’s 50 day moving average price is $13.94 and its 200 day moving average price is $13.78. The company has a market cap of $23.74 billion, a P/E ratio of 203.61 and a beta of 2.71. Hewlett Packard Enterprise Company has a 1-year low of $12.26 and a 1-year high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. Analysts predict that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were paid a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.75%. Hewlett Packard Enterprise’s dividend payout ratio is presently 371.48%.

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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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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