Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Maverick Capital Ltd.

Maverick Capital Ltd. reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 67.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,839 shares of the technology company’s stock after selling 89,762 shares during the period. Maverick Capital Ltd.’s holdings in Hewlett Packard Enterprise were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. Comerica Bank raised its position in shares of Hewlett Packard Enterprise by 36.5% during the 1st quarter. Comerica Bank now owns 266,326 shares of the technology company’s stock valued at $4,722,000 after acquiring an additional 71,267 shares in the last quarter. Cetera Investment Advisers grew its stake in Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after buying an additional 99,394 shares during the last quarter. Cetera Advisors LLC grew its stake in Hewlett Packard Enterprise by 39.8% during the 1st quarter. Cetera Advisors LLC now owns 55,388 shares of the technology company’s stock worth $982,000 after buying an additional 15,774 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Hewlett Packard Enterprise by 10.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock worth $116,000 after buying an additional 626 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $298,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPE. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Citigroup upped their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.21.

Hewlett Packard Enterprise Trading Up 2.0 %

Shares of HPE stock opened at $21.22 on Monday. The stock has a 50-day simple moving average of $20.67 and a 200 day simple moving average of $19.77. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The stock has a market capitalization of $27.56 billion, a P/E ratio of 15.16, a P/E/G ratio of 3.32 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 announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

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.