Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,560 shares of the technology company’s stock after selling 3,656 shares during the period. Atlas Capital Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,324,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $35,000. American National Bank grew its stake in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the last quarter. ORG Partners LLC boosted its holdings in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,282 shares during the period. Finally, Founders Financial Alliance LLC grew its position in shares of Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock valued at $42,000 after purchasing an additional 851 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

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

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded up $0.69 during trading on Friday, reaching $19.37. The stock had a trading volume of 18,091,068 shares, compared to its average volume of 14,934,882. The stock has a market capitalization of $25.17 billion, a PE ratio of 14.14, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The business’s 50-day moving average price is $19.66 and its 200 day moving average price is $18.32.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.68%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HPE shares. Sanford C. Bernstein raised their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Barclays lifted their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Bank of America raised their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average 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.