Poplar Forest Capital LLC lessened its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,211,097 shares of the technology company’s stock after selling 188,747 shares during the period. Hewlett Packard Enterprise comprises 3.5% of Poplar Forest Capital LLC’s portfolio, making the stock its 14th largest position. Poplar Forest Capital LLC owned 0.24% of Hewlett Packard Enterprise worth $48,006,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HPE. Cerebellum GP LLC bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $25,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 367.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,679 shares during the last quarter. Truewealth LLC lifted its holdings in shares of Hewlett Packard Enterprise by 72.7% in the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Thor Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $37,000. Finally, Private Ocean LLC lifted its holdings in shares of Hewlett Packard Enterprise by 34.9% in the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after purchasing an additional 668 shares during the last quarter. 81.42% of the stock is currently owned by institutional investors.

In other news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction on Friday, May 31st. The stock was sold at an average price of $13.85, for a total transaction of $1,172,111.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Davis sold 10,088 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total value of $150,916.48. Following the transaction, the insider now owns 15,423 shares in the company, valued at $230,728.08. The disclosure for this sale can be found here. Insiders have sold a total of 111,129 shares of company stock worth $1,558,212 in the last ninety days. 0.56% of the stock is owned by company insiders.

HPE has been the topic of several recent research reports. Longbow Research initiated coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price target on the stock. ValuEngine downgraded Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Evercore ISI initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price target on the stock. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, May 22nd. Finally, Barclays initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $14.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.33.

Hewlett Packard Enterprise stock traded up $0.12 during mid-day trading on Friday, hitting $12.80. 10,455,000 shares of the company’s stock traded hands, compared to its average volume of 9,787,883. The firm has a 50 day moving average price of $14.33 and a 200 day moving average price of $15.17. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.98 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. On average, analysts expect that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is currently 28.85%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

Further Reading: Lock-Up Period Expiration

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

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