Hewlett Packard Enterprise Co (HPE) Shares Sold by CIBC World Markets Inc.

CIBC World Markets Inc. trimmed its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 92.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,840 shares of the technology company’s stock after selling 941,486 shares during the quarter. CIBC World Markets Inc.’s holdings in Hewlett Packard Enterprise were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HPE. Whittier Trust Co. of Nevada Inc. lifted its holdings in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after acquiring an additional 266 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Hewlett Packard Enterprise by 12.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after acquiring an additional 675 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $127,000. State of Alaska Department of Revenue lifted its holdings in Hewlett Packard Enterprise by 55.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after acquiring an additional 2,920 shares during the last quarter. Finally, Guardian Life Insurance Co. of America lifted its holdings in Hewlett Packard Enterprise by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after acquiring an additional 43 shares during the last quarter. 80.21% of the stock is owned by institutional investors.

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Hewlett Packard Enterprise Co (NYSE HPE) opened at 13.48 on Friday. The company has a 50-day moving average price of $13.61 and a 200-day moving average price of $13.66. The firm has a market cap of $22.15 billion, a P/E ratio of 10.22 and a beta of 2.72. Hewlett Packard Enterprise Co has a 12-month low of $12.26 and a 12-month high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 3.43% and a net margin of 3.02%. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. On average, analysts predict that Hewlett Packard Enterprise Co will post $1.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 62,652 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $16.71, for a total value of $1,046,914.92. Following the sale, the chief executive officer now owns 830,251 shares in the company, valued at approximately $13,873,494.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now owns 892,118 shares in the company, valued at approximately $11,722,430.52. The disclosure for this sale can be found here. Insiders sold a total of 2,212,729 shares of company stock worth $37,471,052 in the last 90 days. Company insiders own 0.87% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Berenberg Bank set a $17.00 price target on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Saturday, June 3rd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, June 5th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating and issued a $17.50 price target (down from $22.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $15.00 price target (down from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.03.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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