Tibra Equities Europe Ltd lessened its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,000 shares of the technology company’s stock after selling 32,144 shares during the quarter. Tibra Equities Europe Ltd’s holdings in Hewlett Packard Enterprise were worth $1,400,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Legacy Bridge LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $25,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $26,000. JNBA Financial Advisors lifted its position in shares of Hewlett Packard Enterprise by 1,300.0% during the 4th quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,600 shares during the last quarter. Truehand Inc purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $51,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $63,000. 81.61% of the stock is owned by institutional investors.
Get Hewlett Packard Enterprise alerts:In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of Hewlett Packard Enterprise stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total value of $230,571.00. Following the transaction, the insider now directly owns 16,412 shares in the company, valued at $270,798. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeff T. Ricci sold 15,639 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.54, for a total transaction of $227,391.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,781,481 shares of company stock worth $29,050,076. 0.56% of the stock is currently owned by company insiders.
HPE traded down $0.04 on Wednesday, reaching $16.10. The company had a trading volume of 116,835 shares, compared to its average volume of 11,305,753. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market cap of $22.83 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.95 and a beta of 1.60. Hewlett Packard Enterprise Co has a 1 year low of $12.09 and a 1 year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 10.75%. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts expect that Hewlett Packard Enterprise Co will post 1.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 dividend on an annualized basis and a yield of 2.80%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
HPE has been the subject of a number of research reports. Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $21.00 to $15.00 in a research report on Tuesday, January 15th. ValuEngine raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Maxim Group reduced their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, December 11th. They issued an “underperform” rating for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.64.
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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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