Atlas Capital Advisors LLC Lowers Position in Hewlett Packard Enterprise (NYSE:HPE)

Atlas Capital Advisors LLC trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 62,560 shares of the technology company’s stock after selling 3,656 shares during the period. Atlas Capital Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hewlett Packard Enterprise by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after purchasing an additional 695,038 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after purchasing an additional 237,321 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Hewlett Packard Enterprise by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock worth $152,559,000 after purchasing an additional 83,037 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after purchasing an additional 517,734 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred 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 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 is available at this hyperlink. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were 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 in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock worth $2,850,108 in the last ninety days. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Up 3.7 %

Hewlett Packard Enterprise stock traded up $0.69 during trading on Friday, reaching $19.37. 18,091,068 shares of the company were exchanged, compared to its average volume of 14,934,882. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a market capitalization of $25.17 billion, a P/E ratio of 14.14, a PEG ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $19.66 and its two-hundred day simple moving average is $18.32.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.59 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 Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.68%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPE. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Evercore ISI upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.