UMB Bank n.a. Cuts Position in Hewlett Packard Enterprise (NYSE:HPE)

UMB Bank n.a. lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 12.4% during the second quarter, Holdings Channel.com reports. The firm owned 8,948 shares of the technology company’s stock after selling 1,272 shares during the quarter. UMB Bank n.a.’s holdings in Hewlett Packard Enterprise were worth $189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC grew its holdings in Hewlett Packard Enterprise by 253.9% in the first 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 during the period. Johnson Financial Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $35,000. American National Bank lifted its stake in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after buying an additional 920 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after buying an additional 1,282 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its stake 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 worth $42,000 after buying an additional 851 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE traded up $0.69 during trading on Friday, hitting $19.37. The company’s stock had a trading volume of 18,091,068 shares, compared to its average volume of 14,934,882. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market cap 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 business’s 50 day simple moving average is $19.66 and its 200-day simple moving average 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 for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.68%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. 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 research note on Wednesday, June 5th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.08.

Insiders Place Their Bets

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

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.