Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 360,229 shares of the technology company’s stock after selling 48,006 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Hewlett Packard Enterprise were worth $4,732,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Ipswich Investment Management Co. Inc. purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $26,000. Vectors Research Management LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $136,000. TRUE Private Wealth Advisors purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $137,000. Finally, Verity & Verity LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $150,000. Institutional investors own 81.61% of the company’s stock.
In other news, insider Philip Davis sold 13,974 shares of the company’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $15.75, for a total value of $220,090.50. Following the completion of the sale, the insider now directly owns 30,386 shares in the company, valued at approximately $478,579.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kirt P. Karros sold 14,126 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $15.00, for a total value of $211,890.00. The disclosure for this sale can be found here. Insiders have sold a total of 121,195 shares of company stock worth $1,795,907 over the last three months. Insiders own 0.56% of the company’s stock.
HPE stock opened at $16.23 on Friday. The company has a market capitalization of $22.74 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.60. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, analysts forecast that Hewlett Packard Enterprise Co will post 1.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.77%. Hewlett Packard Enterprise’s payout ratio is 28.85%.
A number of research analysts have weighed in on the company. ValuEngine downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Morgan Stanley downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $21.00 to $15.00 in a report on Tuesday, January 15th. Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Tuesday, November 13th. BMO Capital Markets restated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday. Finally, Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $17.92.
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About Hewlett Packard Enterprise
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.
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