Hewlett Packard Enterprise Company (HPE) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,438,234 shares of the technology company’s stock after selling 9,391 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.09% of Hewlett Packard Enterprise worth $21,157,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after acquiring an additional 200 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock valued at $292,000 after acquiring an additional 250 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock valued at $391,000 after acquiring an additional 350 shares in the last quarter. Budros Ruhlin & Roe Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.4% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after acquiring an additional 352 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,102 shares of the technology company’s stock valued at $334,000 after acquiring an additional 405 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Henry Gomez sold 494,360 shares of the business’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 directly owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The disclosure for this sale can be found here. Insiders sold a total of 2,962,587 shares of company stock valued at $41,881,180 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

HPE has been the topic of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. UBS downgraded Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $15.00 in a report on Friday, October 20th. Robert W. Baird reissued a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.49.

Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.12 during mid-day trading on Monday, hitting $14.34. The stock had a trading volume of 8,114,500 shares, compared to its average volume of 12,213,895. Hewlett Packard Enterprise Company has a 1 year low of $12.81 and a 1 year high of $24.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. The company has a market cap of $23,220.00 and a price-to-earnings ratio of 11.03.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts forecast that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current year.

Hewlett Packard Enterprise announced that its Board of Directors has approved a share repurchase 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. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.09%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 96.30%.

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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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