Hewlett Packard Enterprise Company (HPE) Holdings Trimmed by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 751,260 shares of the technology company’s stock after selling 16,737 shares during the period. American Century Companies Inc.’s holdings in Hewlett Packard Enterprise were worth $11,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFG Advisors LP lifted its stake in Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its stake in Hewlett Packard Enterprise by 42.5% during the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,287 shares during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.

In other news, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the completion of the sale, the senior vice president now directly owns 24,846 shares in the company, valued at approximately $333,681.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the sale, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,920,273 shares of company stock valued at $41,288,784. Company insiders own 0.87% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) opened at $13.68 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise Company has a 1-year low of $12.97 and a 1-year high of $24.88. The firm has a market capitalization of $22,154.27, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.75 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the business posted $0.49 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have weighed in on HPE shares. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. UBS AG reiterated a “buy” rating and issued a $16.00 price target (down from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.49.

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).

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

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