CLARET ASSET MANAGEMENT Corp Lowers Stake in Hewlett Packard Enterprise Co (HPE)

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CLARET ASSET MANAGEMENT Corp lowered its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,759 shares of the technology company’s stock after selling 6,143 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Hewlett Packard Enterprise were worth $208,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HPE. Migdal Insurance & Financial Holdings Ltd. raised 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 buying an additional 8,431 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Hewlett Packard Enterprise in the 3rd quarter worth $137,000. Farmers Trust Co. purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $150,000. North Star Investment Management Corp. purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $150,000. Finally, Cerebellum GP LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $152,000. Hedge funds and other institutional investors own 82.94% of the company’s stock.

A number of equities analysts recently commented on the stock. BMO Capital Markets decreased their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 29th. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. UBS Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price on the stock. Deutsche Bank lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, Maxim Group reiterated a “hold” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $17.65.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 36,556 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $16.50, for a total value of $603,174.00. Following the sale, the insider now owns 170,721 shares of the company’s stock, valued at approximately $2,816,896.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction 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 directly owns 87,828 shares in the company, valued at approximately $1,493,076. The disclosure for this sale can be found here. In the last three months, insiders sold 685,704 shares of company stock worth $11,342,061. Insiders own 1.18% of the company’s stock.

Shares of Hewlett Packard Enterprise stock opened at $14.93 on Wednesday. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.86 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 debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Research analysts expect that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

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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