Metropolitan Life Insurance Co. NY Has $3.39 Million Holdings in Hewlett Packard Enterprise Co (HPE)

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Metropolitan Life Insurance Co. NY decreased its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 231,776 shares of the technology company’s stock after selling 12,463 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Hewlett Packard Enterprise were worth $3,386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. LS Investment Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. LS Investment Advisors LLC now owns 83,966 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,569 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 8.5% in the first quarter. Profund Advisors LLC now owns 49,924 shares of the technology company’s stock worth $876,000 after purchasing an additional 3,891 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Hewlett Packard Enterprise by 5.0% in the first quarter. LPL Financial LLC now owns 83,694 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 3,959 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Hewlett Packard Enterprise by 8.7% in the first quarter. IFM Investors Pty Ltd now owns 49,375 shares of the technology company’s stock worth $866,000 after purchasing an additional 3,967 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of Hewlett Packard Enterprise by 1.3% in the second quarter. Xact Kapitalforvaltning AB now owns 304,835 shares of the technology company’s stock worth $4,454,000 after purchasing an additional 3,967 shares during the last quarter. Institutional investors and hedge funds own 80.48% of the company’s stock.

A number of research analysts have recently commented on HPE shares. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. Oppenheimer set a $20.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday, May 22nd. Maxim Group restated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Finally, Barclays reiterated a “sell” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.79.

In other Hewlett Packard Enterprise news, Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $15.33, for a total transaction of $10,332,420.00. Following the completion of the sale, the director now directly owns 1,056,639 shares of the company’s stock, valued at $16,198,275.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Margaret C. Whitman sold 337,000 shares of the stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $15.08, for a total transaction of $5,081,960.00. Following the sale, the director now directly owns 382,639 shares of the company’s stock, valued at $5,770,196.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,727,154 shares of company stock valued at $26,307,817. Insiders own 1.18% of the company’s stock.

Shares of Hewlett Packard Enterprise stock opened at $16.58 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $19.48. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.76.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 12th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, September 11th. Hewlett Packard Enterprise’s payout ratio is 46.88%.

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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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