ORG Wealth Partners LLC Sells 4,711 Shares of Hewlett Packard Enterprise Company $HPE

ORG Wealth Partners LLC reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 68.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,213 shares of the technology company’s stock after selling 4,711 shares during the quarter. ORG Wealth Partners LLC’s holdings in Hewlett Packard Enterprise were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Hewlett Packard Enterprise by 3,847.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock worth $180,599,000 after purchasing an additional 8,607,523 shares during the period. AQR Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after acquiring an additional 3,922,516 shares in the last quarter. Vanguard Group Inc. lifted its position in Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock worth $2,579,896,000 after buying an additional 2,779,446 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after buying an additional 2,373,850 shares during the period. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of analyst reports. KeyCorp began coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, June 9th. Raymond James Financial raised their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Finally, Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $24.81.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the transaction, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 573,738 shares of company stock valued at $13,539,132. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.8%

Shares of NYSE HPE opened at $24.01 on Friday. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 2.47 and a beta of 1.43. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $18.99. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $25.36.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.