Unigestion Holding SA Sells 1,548 Shares of Hewlett Packard Enterprise Co (NYSE:HPE)

Unigestion Holding SA reduced its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,167 shares of the technology company’s stock after selling 1,548 shares during the quarter. Unigestion Holding SA’s holdings in Hewlett Packard Enterprise were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. First Mercantile Trust Co. increased its holdings in Hewlett Packard Enterprise by 9.3% in the third quarter. First Mercantile Trust Co. now owns 8,108 shares of the technology company’s stock worth $123,000 after purchasing an additional 688 shares in the last quarter. Keybank National Association OH increased its holdings in Hewlett Packard Enterprise by 1.1% in the second quarter. Keybank National Association OH now owns 68,230 shares of the technology company’s stock worth $1,020,000 after purchasing an additional 710 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 56,429 shares of the technology company’s stock worth $856,000 after purchasing an additional 740 shares in the last quarter. Farmers Trust Co. increased its holdings in Hewlett Packard Enterprise by 7.5% in the third quarter. Farmers Trust Co. now owns 10,760 shares of the technology company’s stock worth $164,000 after purchasing an additional 749 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Hewlett Packard Enterprise by 4.4% in the second quarter. MML Investors Services LLC now owns 19,580 shares of the technology company’s stock worth $293,000 after purchasing an additional 832 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

HPE has been the subject of a number of research analyst reports. TheStreet downgraded Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Barclays raised their price objective on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. ValuEngine raised Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Bank of America raised Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. cut Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research note on Friday, November 1st. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.82.

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In related news, CEO Antonio F. Neri sold 49,635 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the sale, the chief executive officer now directly owns 29,602 shares in the company, valued at $449,654.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip Davis sold 16,436 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total value of $237,171.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 519,526 shares of company stock worth $8,284,389. 0.56% of the stock is owned by insiders.

Shares of NYSE:HPE traded up $0.25 during mid-day trading on Friday, hitting $17.43. 5,848,045 shares of the company traded hands, compared to its average volume of 9,988,734. The stock has a market cap of $21.97 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.24 and a beta of 1.61. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.44. The stock has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $14.69.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.29 billion. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. Hewlett Packard Enterprise’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, analysts expect that Hewlett Packard Enterprise Co will post 1.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.12 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.75%. Hewlett Packard Enterprise’s payout ratio is presently 28.85%.

Hewlett Packard Enterprise Company 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.

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

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