Hewlett Packard Enterprise Co (HPE) Holdings Cut by Deroy & Devereaux Private Investment Counsel Inc.

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Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 751,657 shares of the technology company’s stock after selling 10,305 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.05% of Hewlett Packard Enterprise worth $12,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HPE. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Hewlett Packard Enterprise by 16,531.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after acquiring an additional 8,431 shares during the period. TRUE Private Wealth Advisors bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $137,000. Farmers Trust Co. bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $150,000. North Star Investment Management Corp. bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $150,000. Finally, Cerebellum GP LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $152,000. 82.94% of the stock is owned by institutional investors and hedge funds.

In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 87,113 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $15.96, for a total value of $1,390,323.48. Following the sale, the insider now directly owns 102,283 shares in the company, valued at approximately $1,632,436.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares in the company, valued at $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 685,704 shares of company stock worth $11,342,061 over the last quarter. Corporate insiders own 1.18% of the company’s stock.

HPE traded up $0.35 on Tuesday, hitting $14.92. The company’s stock had a trading volume of 533,824 shares, compared to its average volume of 9,601,284. The company has a market cap of $21.53 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.99 and a beta of 1.77. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Research analysts forecast that Hewlett Packard Enterprise Co will post 1.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

A number of research firms have recently weighed in on HPE. Raymond James reduced their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Thursday, October 25th. Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. BMO Capital Markets reduced their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Finally, Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.65.

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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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