Rockefeller Capital Management L.P. reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,732 shares of the technology company’s stock after selling 20,017 shares during the period. Rockefeller Capital Management L.P.’s holdings in Hewlett Packard Enterprise were worth $631,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in Hewlett Packard Enterprise by 66.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,062 shares of the technology company’s stock valued at $25,000 after buying an additional 821 shares during the period. Horan Securities Inc. raised its holdings in Hewlett Packard Enterprise by 211.8% in the third quarter. Horan Securities Inc. now owns 2,214 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,504 shares during the period. Hoey Investments Inc. raised its holdings in Hewlett Packard Enterprise by 1,000.0% in the second quarter. Hoey Investments Inc. now owns 2,200 shares of the technology company’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. CX Institutional acquired a new stake in Hewlett Packard Enterprise in the second quarter worth $30,000. Finally, Dupont Capital Management Corp raised its holdings in Hewlett Packard Enterprise by 77.9% in the third quarter. Dupont Capital Management Corp now owns 2,512 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,100 shares during the period. 81.36% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Tarek Robbiati sold 102,138 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $16.00, for a total transaction of $1,634,208.00. Following the completion of the sale, the chief financial officer now owns 31,183 shares in the company, valued at approximately $498,928. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Tarek Robbiati sold 102,138 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $16.00, for a total transaction of $1,634,208.00. Following the completion of the sale, the chief financial officer now owns 31,183 shares in the company, valued at approximately $498,928. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 47,307 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $17.01, for a total transaction of $804,692.07. The disclosure for this sale can be found here. Insiders sold a total of 255,324 shares of company stock valued at $4,173,313 in the last quarter. Company insiders own 0.45% of the company’s stock.
Hewlett Packard Enterprise Stock Down 0.5 %
Hewlett Packard Enterprise stock opened at $16.14 on Monday. The company has a market cap of $20.69 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $17.76. The company has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $14.54. The company has a current ratio of 0.88, a quick ratio of 0.66 and a debt-to-equity ratio of 0.39.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings data on Tuesday, November 29th. The technology company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.62). Hewlett Packard Enterprise had a net margin of 3.05% and a return on equity of 4.26%. The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.42 billion. Research analysts anticipate that Hewlett Packard Enterprise will post 1.45 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, December 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 72.73%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HPE. StockNews.com began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $11.50 to $13.00 in a report on Wednesday, November 30th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a report on Wednesday, November 30th. Finally, Credit Suisse Group raised their price objective on shares of Hewlett Packard Enterprise to $19.00 in a report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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