PNC Financial Services Group Inc. lowered its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 8.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 776,618 shares of the company’s stock after selling 70,942 shares during the period. PNC Financial Services Group Inc.’s holdings in Hewlett Packard Enterprise were worth $17,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group boosted its position in Hewlett Packard Enterprise by 8.7% in the second quarter. Schroder Investment Management Group now owns 15,209,591 shares of the company’s stock valued at $277,880,000 after buying an additional 1,219,364 shares in the last quarter. Hanlon Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 19.2% in the second quarter. Hanlon Investment Management Inc. now owns 276,636 shares of the company’s stock worth $5,054,000 after buying an additional 44,500 shares during the period. Bank of Montreal Can bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $37,854,000. California State Teachers Retirement System boosted its position in shares of Hewlett Packard Enterprise by 0.4% in the second quarter. California State Teachers Retirement System now owns 3,767,029 shares of the company’s stock worth $68,824,000 after buying an additional 16,865 shares during the period. Finally, Whitebox Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $16,979,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 0.147% during midday trading on Wednesday, reaching $23.775. 3,348,311 shares of the company traded hands. The stock has a market capitalization of $39.61 billion and a price-to-earnings ratio of 13.063. Hewlett Packard Enterprise Co. has a 12 month low of $11.63 and a 12 month high of $23.85. The firm has a 50 day moving average of $22.48 and a 200-day moving average of $20.79.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. Analysts forecast that Hewlett Packard Enterprise Co. will post $2.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is currently 12.02%.

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HPE has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Hewlett Packard Enterprise in a report on Sunday, October 16th. Vetr raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 target price for the company in a report on Thursday, August 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $24.50 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Hewlett Packard Enterprise in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.83.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the transaction, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert Youngjohns sold 179,890 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $22.01, for a total transaction of $3,959,378.90. Following the completion of the transaction, the executive vice president now owns 58,215 shares in the company, valued at approximately $1,281,312.15. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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