Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,708 shares of the technology company’s stock after selling 21,566 shares during the quarter. Cozad Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Hewlett Packard Enterprise by 27.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 165,242 shares of the technology company’s stock valued at $2,930,000 after buying an additional 35,887 shares during the period. Chevy Chase Trust Holdings LLC increased its position in shares of Hewlett Packard Enterprise by 0.4% during the first quarter. Chevy Chase Trust Holdings LLC now owns 721,862 shares of the technology company’s stock valued at $12,799,000 after acquiring an additional 3,018 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Hewlett Packard Enterprise by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 268,738 shares of the technology company’s stock valued at $4,765,000 after acquiring an additional 3,850 shares during the period. Empirical Finance LLC lifted its holdings in shares of Hewlett Packard Enterprise by 3.3% in the 1st quarter. Empirical Finance LLC now owns 46,921 shares of the technology company’s stock worth $832,000 after acquiring an additional 1,516 shares during the last quarter. Finally, AIA Group Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $1,185,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HPE shares. UBS Group boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Citigroup began coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective on the stock. Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.33 on Thursday. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 3.45 and a beta of 1.19. The firm’s fifty day simple moving average is $19.45 and its 200-day simple moving average is $19.22. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by insiders.

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.