Huber Capital Management LLC reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,936 shares of the technology company’s stock after selling 62,929 shares during the period. Huber Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $7,428,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HPE. WFG Advisors LP grew its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC grew its stake in Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in 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 worth $108,000 after purchasing an additional 200 shares in the last quarter. Harfst & Associates Inc. grew its stake in Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,287 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Hewlett Packard Enterprise by 55.1% in the second quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock worth $136,000 after purchasing an additional 2,920 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

HPE has been the topic of several recent research reports. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Deutsche Bank dropped their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, UBS lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.31.

Hewlett Packard Enterprise Company (NYSE:HPE) traded down $0.21 during mid-day trading on Tuesday, reaching $14.23. The company had a trading volume of 11,095,700 shares, compared to its average volume of 12,278,007. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Company has a 12 month low of $12.81 and a 12 month high of $24.88. The firm has a market cap of $23,040.00 and a PE ratio of 11.11.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same period in the previous year, the firm posted $0.61 EPS. Hewlett Packard Enterprise’s revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 96.30%.

Hewlett Packard Enterprise announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, SVP Jeff T. Ricci sold 87,324 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the sale, the senior vice president now owns 24,846 shares of the company’s stock, valued at approximately $333,681.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the sale, the executive vice president now directly owns 494,360 shares in the company, valued at approximately $7,351,133.20. The disclosure for this sale can be found here. Insiders sold a total of 2,962,587 shares of company stock worth $41,881,180 over the last three months. Corporate insiders own 0.87% of the company’s stock.

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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).

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

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