Glenmede Trust Co. NA Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Glenmede Trust Co. NA lowered its holdings in Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,614,622 shares of the technology company’s stock after selling 62,482 shares during the period. Glenmede Trust Co. NA owned about 0.13% of Hewlett Packard Enterprise worth $19,342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock valued at $2,549,380,000 after buying an additional 1,824,331 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hewlett Packard Enterprise by 3.2% during the 3rd quarter. BlackRock Inc. now owns 129,262,655 shares of the technology company’s stock valued at $1,548,566,000 after buying an additional 4,029,860 shares during the last quarter. State Street Corp lifted its position in shares of Hewlett Packard Enterprise by 2.4% during the 3rd quarter. State Street Corp now owns 72,550,587 shares of the technology company’s stock valued at $877,551,000 after buying an additional 1,679,810 shares during the last quarter. Amundi lifted its position in shares of Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Amundi now owns 28,118,343 shares of the technology company’s stock valued at $367,605,000 after buying an additional 1,024,592 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 2.1% during the 3rd quarter. Victory Capital Management Inc. now owns 18,870,314 shares of the technology company’s stock valued at $226,067,000 after buying an additional 393,493 shares during the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 47,307 shares of the firm’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $17.01, for a total transaction of $804,692.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 47,307 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $17.01, for a total value of $804,692.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tarek Robbiati sold 80,421 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $14.28, for a total value of $1,148,411.88. Following the completion of the sale, the chief financial officer now owns 133,321 shares of the company’s stock, valued at approximately $1,903,823.88. The disclosure for this sale can be found here. Insiders have sold a total of 335,745 shares of company stock worth $5,321,725 in the last ninety days. 0.45% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.36 during trading on Wednesday, hitting $15.81. 2,548,969 shares of the stock traded hands, compared to its average volume of 14,033,104. The company has a quick ratio of 0.66, a current ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $20.27 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.57 and a beta of 1.22. The firm’s fifty day moving average is $16.07 and its 200-day moving average is $14.49. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.76.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.62). Hewlett Packard Enterprise had a return on equity of 4.26% and a net margin of 3.05%. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.42 billion. Research analysts expect that Hewlett Packard Enterprise will post 1.45 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Wednesday, December 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.48 annualized dividend and a yield of 3.04%. Hewlett Packard Enterprise’s payout ratio is 72.73%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective on the stock. in a report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a report on Wednesday, November 30th. Citigroup increased their price objective on Hewlett Packard Enterprise from $11.50 to $13.00 in a report on Wednesday, November 30th. Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, November 30th. Finally, Susquehanna Bancshares increased their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $17.00.

About Hewlett Packard Enterprise

(Get Rating)

Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

Further Reading

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

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