Cowa LLC Sells 1,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Cowa LLC decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,000 shares of the technology company’s stock after selling 1,000 shares during the period. Cowa LLC’s holdings in Hewlett Packard Enterprise were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HPE. Pacer Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the last quarter. Marshall Wace LLP lifted its stake in Hewlett Packard Enterprise by 3,228.2% in the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock worth $186,831,000 after acquiring an additional 8,560,086 shares during the period. Vanguard Group Inc. lifted its stake in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Panagora Asset Management Inc. lifted its stake in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock worth $90,387,000 after acquiring an additional 3,291,880 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hewlett Packard Enterprise in the first quarter worth $51,938,000. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HPE shares. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Citigroup started coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target for the company. UBS Group raised their price objective 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. Finally, Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.46.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $22.04 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The business has a fifty day moving average price of $19.56 and a 200-day moving average price of $19.27. The company has a market capitalization of $28.62 billion, a PE ratio of 15.74, a PEG ratio of 3.67 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.36%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

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.