Advisors Asset Management Inc. Has $2.95 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Advisors Asset Management Inc. cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 166,111 shares of the technology company’s stock after selling 20,496 shares during the quarter. Advisors Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Hewlett Packard Enterprise by 51.9% during the third quarter. Wellington Management Group LLP now owns 87,085 shares of the technology company’s stock valued at $1,513,000 after acquiring an additional 29,737 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $512,000. Raymond James & Associates raised its holdings in Hewlett Packard Enterprise by 13.2% during the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after buying an additional 108,971 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Hewlett Packard Enterprise by 12.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 716,330 shares of the technology company’s stock valued at $12,163,000 after buying an additional 79,528 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 24.7% during the fourth quarter. Pacer Advisors Inc. now owns 132,180 shares of the technology company’s stock valued at $2,244,000 after buying an additional 26,193 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $0.31 during trading hours on Friday, hitting $19.76. 7,954,784 shares of the company’s stock traded hands, compared to its average volume of 10,662,543. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.81 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The company has a fifty day simple moving average of $20.19 and a 200-day simple moving average of $17.85.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Activity

In other news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock valued at $2,850,108 in the last 90 days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPE. Susquehanna upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Bank of America increased their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Evercore ISI raised their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.08.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.