Private Trust Co. NA Has $221,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Private Trust Co. NA trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE) by 8.9% in the third quarter, HoldingsChannel reports. The firm owned 10,816 shares of the technology company’s stock after selling 1,060 shares during the period. Private Trust Co. NA’s holdings in Hewlett Packard Enterprise were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Hewlett Packard Enterprise by 20.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock valued at $36,662,000 after buying an additional 347,067 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 24.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company’s stock valued at $866,000 after acquiring an additional 9,667 shares in the last quarter. Comerica Bank raised its position in shares of Hewlett Packard Enterprise by 36.5% during the first quarter. Comerica Bank now owns 266,326 shares of the technology company’s stock worth $4,722,000 after purchasing an additional 71,267 shares during the period. Swedbank AB bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $26,995,000. Finally, Cetera Investment Advisers grew its position in Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after purchasing an additional 99,394 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 6.0 %

Hewlett Packard Enterprise stock opened at $20.80 on Friday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The firm has a 50 day moving average price of $20.62 and a 200-day moving average price of $19.72. The company has a market capitalization of $27.01 billion, a P/E ratio of 14.86, a P/E/G ratio of 3.47 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.14%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.21.

Hewlett Packard Enterprise Company 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.