Ajo LP Lowers Stock Position in Hewlett Packard Enterprise Co (NYSE:HPE)

AJO LP trimmed its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 89.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,381 shares of the technology company’s stock after selling 2,140,755 shares during the period. AJO LP’s holdings in Hewlett Packard Enterprise were worth $3,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. Liberty Wealth Management LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $34,000. JNBA Financial Advisors boosted its stake in Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after acquiring an additional 2,600 shares during the last quarter. Truvestments Capital LLC bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $38,000. Private Ocean LLC boosted its stake in Hewlett Packard Enterprise by 34.9% in the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after acquiring an additional 668 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $40,000. Institutional investors own 82.06% of the company’s stock.

NYSE HPE traded up $0.19 during trading on Monday, reaching $15.14. The company’s stock had a trading volume of 10,192,700 shares, compared to its average volume of 10,541,507. The company has a 50 day moving average of $14.45. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.93 and a quick ratio of 0.80. Hewlett Packard Enterprise Co has a 12 month low of $12.09 and a 12 month high of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. As a group, research analysts anticipate that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is 28.85%.

In other news, insider Philip Davis sold 10,088 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total value of $150,916.48. Following the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Irv Rothman sold 84,629 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 702,405 shares of company stock valued at $11,320,179. 0.56% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on HPE. Longbow Research began coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective on the stock. Evercore ISI assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price objective on the stock. Nomura cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, May 22nd. Finally, Credit Suisse Group assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $16.50.

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

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