Estabrook Capital Management maintained its position in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,800 shares of the technology company’s stock at the end of the 2nd quarter. Estabrook Capital Management’s holdings in Hewlett Packard Enterprise were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Guardian Life Insurance Co. of America raised its position in Hewlett Packard Enterprise by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after purchasing an additional 43 shares in the last quarter. Buckingham Asset Management LLC raised its position in Hewlett Packard Enterprise by 0.5% in the 1st quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock valued at $468,000 after purchasing an additional 106 shares in the last quarter. Tdam USA Inc. raised its position in Hewlett Packard Enterprise by 0.9% in the 1st quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock valued at $422,000 after purchasing an additional 162 shares in the last quarter. Cleararc Capital Inc. raised its position in Hewlett Packard Enterprise by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock valued at $965,000 after purchasing an additional 221 shares in the last quarter. Finally, Intrust Bank NA raised its position in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Intrust Bank NA now owns 10,853 shares of the technology company’s stock valued at $257,000 after purchasing an additional 248 shares in the last quarter. 80.21% of the stock is currently owned by institutional investors.

In other news, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $17.67, for a total transaction of $270,934.11. Following the sale, the executive vice president now directly owns 15,333 shares in the company, valued at approximately $270,934.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the sale, the chief executive officer now owns 962,433 shares in the company, valued at $17,150,556.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,963,677 shares of company stock worth $34,198,508 over the last quarter. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company (NYSE HPE) traded down 0.98% on Friday, reaching $13.12. The company’s stock had a trading volume of 24,308,651 shares. The firm’s 50 day moving average price is $13.68 and its 200-day moving average price is $13.68. Hewlett Packard Enterprise Company has a 52 week low of $11.99 and a 52 week high of $14.86. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 9.95 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities analysts predict that Hewlett Packard Enterprise Company will post $1.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/09/hewlett-packard-enterprise-company-hpe-stake-held-by-estabrook-capital-management.html.

HPE has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Barclays PLC reaffirmed an “underweight” rating and issued a $17.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price target (up previously from $17.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.18.

Hewlett Packard Enterprise Company Profile

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).

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

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.