Valueworks LLC Reduces Stake in Hewlett Packard Enterprise Company (NYSE:HPE)
Valueworks LLC cut its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 26.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 145,029 shares of the technology company’s stock after selling 52,027 shares during the period. Hewlett Packard Enterprise accounts for approximately 2.6% of Valueworks LLC’s portfolio, making the stock its 19th largest position. Valueworks LLC’s holdings in Hewlett Packard Enterprise were worth $3,437,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its position in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the last quarter. Reilly Financial Advisors LLC raised its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock worth $119,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Hewlett Packard Enterprise during the first quarter worth about $125,000. Harfst & Associates Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $127,000. Finally, James Investment Research Inc. raised its stake in shares of Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock worth $132,000 after buying an additional 450 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.35% during midday trading on Thursday, hitting $17.29. 6,659,808 shares of the company traded hands. The stock has a market capitalization of $28.40 billion, a P/E ratio of 13.20 and a beta of 2.74. The stock’s 50-day moving average is $17.04 and its 200 day moving average is $17.61. Hewlett Packard Enterprise Company has a 12-month low of $15.49 and a 12-month high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, analysts expect that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.
A number of equities research analysts have weighed in on the company. Barclays PLC reaffirmed an “underweight” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Mizuho reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, July 12th. Maxim Group reiterated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. BidaskClub upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $21.87.
In related news, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,454,500.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 138,401 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $17.45, for a total transaction of $2,415,097.45. Following the completion of the transaction, the chief executive officer now directly owns 896,720 shares in the company, valued at approximately $15,647,764. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,361,060 shares of company stock valued at $23,676,361. Corporate insiders own 0.87% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
Receive News & Stock Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related stocks with our FREE daily email newsletter.