Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 51.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,632 shares of the technology company’s stock after selling 251,047 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,125,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 253.9% in the 1st 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. American National Bank raised its holdings in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $35,000. Founders Financial Alliance LLC raised its holdings in shares of Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after purchasing an additional 851 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,378 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.82 during mid-day trading on Wednesday, hitting $19.83. The stock had a trading volume of 4,048,017 shares, compared to its average volume of 15,482,011. The company has a market cap of $25.77 billion, a PE ratio of 13.89, a PEG ratio of 2.80 and a beta of 1.19. The company’s fifty day simple moving average is $20.24 and its two-hundred day simple moving average is $17.91. 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 fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HPE shares. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. UBS Group raised their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Susquehanna raised their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $21.08.

Hewlett Packard Enterprise 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.