Oppenheimer Asset Management Inc. cut its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 773,664 shares of the technology company’s stock after selling 7,152 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $11,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HPE. YorkBridge Wealth Partners LLC lifted its position in 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 worth $108,000 after acquiring an additional 200 shares during the period. Westside Investment Management Inc. lifted its position in 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 worth $292,000 after acquiring an additional 250 shares during the period. Meridian Investment Counsel Inc. lifted its position in 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 worth $391,000 after acquiring an additional 350 shares during the period. Budros Ruhlin & Roe Inc. lifted its position in 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 worth $409,000 after acquiring an additional 352 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in 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 worth $334,000 after acquiring an additional 405 shares during the period. 83.46% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.08 during midday trading on Thursday, reaching $14.16. The company had a trading volume of 7,091,000 shares, compared to its average volume of 12,254,297. Hewlett Packard Enterprise Company has a 12-month low of $12.81 and a 12-month high of $24.88. The stock has a market cap of $22,457.60, a P/E ratio of 10.83, a P/E/G ratio of 2.37 and a beta of 2.48. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the 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 the consensus estimate of $7.78 billion. During the same period last year, the business posted $0.61 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.075 dividend. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 123.82%.

Hewlett Packard Enterprise declared that its board has authorized a stock repurchase program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

HPE has been the subject of a number of recent research reports. Barclays reaffirmed a “sell” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. Loop Capital initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.86.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,023 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the completion of the transaction, the chief executive officer now owns 1,016,622 shares of the company’s stock, valued at $13,897,222.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 24,846 shares of the company’s stock, valued at approximately $333,681.78. 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 company insiders.

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About Hewlett Packard Enterprise

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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