LaSalle Street Capital Management LLC lessened its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 63.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,166 shares of the technology company’s stock after selling 32,034 shares during the quarter. LaSalle Street Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Harfst & Associates Inc. bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $158,000. Brown Advisory Inc. grew its position in Hewlett Packard Enterprise by 32.8% in the 2nd quarter. Brown Advisory Inc. now owns 18,217 shares of the technology company’s stock valued at $266,000 after acquiring an additional 4,502 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 761,962 shares of the technology company’s stock valued at $11,132,000 after acquiring an additional 19,182 shares during the last quarter. First Trust Advisors LP grew its position in Hewlett Packard Enterprise by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 8,603,281 shares of the technology company’s stock valued at $125,694,000 after acquiring an additional 1,250,834 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $2,452,000. 83.17% of the stock is currently owned by institutional investors.
Shares of NYSE HPE opened at $15.32 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. The firm has a market cap of $22.58 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.88 and a beta of 1.61. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.48.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 46.88%.
A number of equities analysts have recently issued reports on HPE shares. Deutsche Bank increased their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, August 30th. UBS Group started coverage on Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price target on the stock. Finally, Maxim Group reissued a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.81.
In related news, insider Antonio F. Neri sold 82,893 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the sale, the chief financial officer now owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The disclosure for this sale can be found here. Insiders have sold a total of 664,319 shares of company stock valued at $10,978,971 over the last 90 days. 1.18% of the stock is currently owned by company insiders.
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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, 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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