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Hewlett Packard Enterprise Co (NYSE:HPE) Shares Sold by Advisor Group Inc. – TechNewsObserver


Advisor Group Inc. lessened its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,108 shares of the technology company’s stock after selling 3,727 shares during the quarter. Advisor Group Inc.’s holdings in Hewlett Packard Enterprise were worth $720,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock worth $234,707,000 after buying an additional 384,154 shares during the period. Pennsylvania Trust Co acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $561,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $1,364,000. Enterprise Financial Services Corp grew its position in shares of Hewlett Packard Enterprise by 45.1% during the 1st quarter. Enterprise Financial Services Corp now owns 4,061 shares of the technology company’s stock worth $62,000 after buying an additional 1,263 shares during the period. Finally, World Asset Management Inc grew its position in shares of Hewlett Packard Enterprise by 19.7% during the 1st quarter. World Asset Management Inc now owns 110,989 shares of the technology company’s stock worth $1,713,000 after buying an additional 18,245 shares during the period. 79.23% of the stock is owned by hedge funds and other institutional investors.

NYSE HPE opened at $12.94 on Tuesday. The company has a fifty day simple moving average of $13.89 and a 200 day simple moving average of $15.04. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.59. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. The company has a market cap of $17.74 billion, a P/E ratio of 8.29, a PEG ratio of 1.28 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is currently 28.85%.

HPE has been the subject of several recent analyst reports. Nomura reduced their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, May 22nd. Maxim Group set a $17.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Friday, August 2nd. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Barclays began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 price objective for the company. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.21.

In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. In the last three months, insiders sold 111,129 shares of company stock valued at $1,558,212. 0.56% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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