Yacktman Asset Management LP reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 2,014,188 shares of the technology company’s stock after selling 5,310 shares during the period. Hewlett Packard Enterprise comprises about 0.3% of Yacktman Asset Management LP’s investment portfolio, making the stock its 28th largest position. Yacktman Asset Management LP’s holdings in Hewlett Packard Enterprise were worth $33,415,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock worth $197,000 after buying an additional 1,095 shares during the period. BlackRock Inc. boosted its position in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the period. Alpha Windward LLC boosted its position in shares of Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock worth $343,000 after buying an additional 2,188 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Hewlett Packard Enterprise during the first quarter worth approximately $3,943,000. Finally, British Columbia Investment Management Corp boosted its position in shares of Hewlett Packard Enterprise by 13.3% in the first quarter. British Columbia Investment Management Corp now owns 1,183,732 shares of the technology company’s stock worth $28,054,000 after buying an additional 138,941 shares during the period. 79.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hewlett Packard Enterprise Company (HPE) opened at 17.30 on Friday. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of 13.12 and a beta of 2.74. The company’s 50 day moving average price is $17.30 and its 200 day moving average price is $17.63. Hewlett Packard Enterprise Company has a 52-week low of $15.49 and a 52-week high of $19.16. Hewlett Packard Enterprise also saw unusually large options trading on Tuesday. Stock traders bought 19,342 call options on the stock. This represents an increase of 647% compared to the average volume of 2,590 call options.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.50%. Hewlett Packard Enterprise’s payout ratio is currently 20.16%.

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HPE has been the topic of a number of analyst reports. CIBC decreased their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Maxim Group reaffirmed a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hewlett Packard Enterprise in a research note on Saturday, June 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.87.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 132,192 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction 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 in the company, valued at $196,584.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,981,652 shares of company stock worth $34,537,666 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

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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