Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 14.5% in the first quarter, Holdings Channel reports. The firm owned 17,300 shares of the technology company’s stock after selling 2,925 shares during the period. Kessler Investment Group LLC’s holdings in Hewlett Packard Enterprise were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Aviso Financial Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 490 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Hewlett Packard Enterprise by 2.2% in the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock worth $505,000 after purchasing an additional 515 shares in the last quarter. Huntington National Bank boosted its position in shares of Hewlett Packard Enterprise by 3.1% in the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company’s stock worth $373,000 after purchasing an additional 529 shares in the last quarter. Meridian Investment Counsel Inc. boosted its position in shares of Hewlett Packard Enterprise by 3.6% in the 4th quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company’s stock worth $368,000 after purchasing an additional 599 shares in the last quarter. Finally, Colonial Trust Co SC boosted its position in shares of Hewlett Packard Enterprise by 16.4% in the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company’s stock worth $94,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $18.44 on Friday. The stock has a 50-day simple moving average of $17.37 and a two-hundred day simple moving average of $18.65. The firm has a market capitalization of $24.19 billion, a P/E ratio of 18.62, a PEG ratio of 2.67 and a beta of 1.31. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Hewlett Packard Enterprise’s dividend payout ratio is presently 52.53%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total value of $555,000.00. Following the completion of the transaction, the executive vice president now owns 72,427 shares in the company, valued at $1,339,899.50. The trade was a 29.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HPE shares. Bank of America reduced their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Raymond James Financial raised their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 4th. Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, June 9th. Finally, Morgan Stanley raised their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 20th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.31.

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.