Nationwide Fund Advisors Sells 25,578 Shares of Hewlett Packard Enterprise Company (HPE)

Nationwide Fund Advisors reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 882,845 shares of the technology company’s stock after selling 25,578 shares during the period. Nationwide Fund Advisors owned approximately 0.05% of Hewlett Packard Enterprise worth $14,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. YorkBridge Wealth Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock worth $117,000 after acquiring an additional 675 shares during the last quarter. Wade G W & Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth $238,000. Neuburgh Advisers LLC grew its stake in shares of Hewlett Packard Enterprise by 229.1% in the first quarter. Neuburgh Advisers LLC now owns 258,640 shares of the technology company’s stock worth $6,130,000 after acquiring an additional 180,048 shares during the last quarter. Commerce Bank grew its stake in shares of Hewlett Packard Enterprise by 12.4% in the first quarter. Commerce Bank now owns 45,423 shares of the technology company’s stock worth $1,077,000 after acquiring an additional 5,022 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Hewlett Packard Enterprise by 29.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 123,494 shares of the technology company’s stock worth $2,927,000 after acquiring an additional 27,991 shares during the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.

HPE has been the topic of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Barclays PLC reissued an “underweight” rating and issued a $17.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price (up from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $17.00 target price (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.79.

In other news, CEO Margaret C. Whitman sold 249,023 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $13.67, for a total value of $3,404,144.41. Following the sale, the chief executive officer now owns 1,016,622 shares in the company, valued at $13,897,222.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 194,844 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $16.73, for a total value of $3,259,740.12. Following the completion of the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,471,801.33. The disclosure for this sale can be found here. Insiders sold 2,266,908 shares of company stock worth $37,619,353 in the last 90 days. Company insiders own 0.87% of the company’s stock.

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Hewlett Packard Enterprise Company (NYSE HPE) opened at 13.79 on Friday. The firm has a 50-day moving average price of $13.61 and a 200-day moving average price of $13.67. The company has a market cap of $22.33 billion, a P/E ratio of 191.53 and a beta of 2.72. Hewlett Packard Enterprise Company has a 12-month low of $12.26 and a 12-month high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.91%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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