Steward Partners Investment Advisory LLC Has $212,000 Stake in Hewlett Packard Enterprise Co (NYSE:HPE)

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Steward Partners Investment Advisory LLC boosted its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 30.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,236 shares of the technology company’s stock after buying an additional 3,354 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Hewlett Packard Enterprise were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Boston Partners increased its position in Hewlett Packard Enterprise by 197.6% during the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock worth $445,510,000 after buying an additional 19,172,670 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock valued at $234,707,000 after purchasing an additional 384,154 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Hewlett Packard Enterprise by 4.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 9,783,104 shares of the technology company’s stock valued at $150,954,000 after purchasing an additional 454,015 shares during the last quarter. First Trust Advisors LP grew its position in shares of Hewlett Packard Enterprise by 4.4% in the first quarter. First Trust Advisors LP now owns 8,624,130 shares of the technology company’s stock valued at $133,070,000 after purchasing an additional 366,539 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Hewlett Packard Enterprise by 3.0% in the first quarter. Parametric Portfolio Associates LLC now owns 7,048,467 shares of the technology company’s stock valued at $108,758,000 after purchasing an additional 204,553 shares during the last quarter. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Davis sold 10,088 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the transaction, the insider now owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,129 shares of company stock valued at $1,558,212. Corporate insiders own 0.56% of the company’s stock.

Shares of HPE opened at $13.40 on Wednesday. The company has a market capitalization of $17.93 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. Hewlett Packard Enterprise Co has a 12 month low of $12.09 and a 12 month high of $17.59. The business’s 50-day simple moving average is $14.46.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. On average, analysts expect that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is 28.85%.

Several equities research analysts have recently issued reports on HPE shares. ValuEngine downgraded Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Maxim Group set a $17.00 target price on Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, May 22nd. Longbow Research assumed coverage on Hewlett Packard Enterprise in a research report on Friday, June 21st. They set a “neutral” rating and a $15.00 target price on the stock. Finally, Barclays assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 target price on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.33.

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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