Bank of New York Mellon Corp lifted its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,053,045 shares of the technology company’s stock after acquiring an additional 350,597 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.18% of Hewlett Packard Enterprise worth $280,271,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC increased its position in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after acquiring an additional 200 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 1.5% in the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock valued at $292,000 after acquiring an additional 250 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after acquiring an additional 266 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Hewlett Packard Enterprise by 1.5% in the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock valued at $391,000 after acquiring an additional 350 shares during the last quarter. Finally, Budros Ruhlin & Roe Inc. increased its position in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after acquiring an additional 352 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.50 target price (down previously from $22.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. Mizuho reiterated a “hold” rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.49.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,023 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the completion of the transaction, the chief executive officer now directly owns 1,016,622 shares in the company, valued at $13,897,222.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the transaction, the chief executive officer now owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,920,273 shares of company stock valued at $41,288,784. Company insiders own 0.87% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.41 during mid-day trading on Friday, hitting $13.68. The company had a trading volume of 12,888,760 shares, compared to its average volume of 12,095,930. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21,490.00 and a PE ratio of 8.19. Hewlett Packard Enterprise Company has a fifty-two week low of $12.97 and a fifty-two week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion during 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. equities research analysts predict that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

Hewlett Packard Enterprise declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.075 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is currently 144.44%.

Hewlett Packard Enterprise 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)

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