West Branch Capital LLC reduced its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,632 shares of the technology company’s stock after selling 1,652 shares during the period. Hewlett Packard Enterprise comprises approximately 1.3% of West Branch Capital LLC’s investment portfolio, making the stock its 25th largest position. West Branch Capital LLC’s holdings in Hewlett Packard Enterprise were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in Hewlett Packard Enterprise by 1.1% in the 3rd quarter. Pzena Investment Management LLC now owns 34,394,158 shares of the technology company’s stock valued at $560,969,000 after buying an additional 390,298 shares during the last quarter. Franklin Resources Inc. raised its holdings in Hewlett Packard Enterprise by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 22,448,770 shares of the technology company’s stock valued at $366,140,000 after buying an additional 234,213 shares during the last quarter. LSV Asset Management raised its holdings in Hewlett Packard Enterprise by 1.3% in the 4th quarter. LSV Asset Management now owns 20,111,279 shares of the technology company’s stock valued at $265,669,000 after buying an additional 250,297 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Hewlett Packard Enterprise by 1,735.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock valued at $1,185,000 after buying an additional 14,800,633 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Hewlett Packard Enterprise by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock valued at $204,450,000 after buying an additional 1,229,369 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Tuesday, November 13th. Oppenheimer set a $18.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Thursday, October 25th. Raymond James dropped their price objective on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Finally, Maxim Group dropped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, December 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.08.

Hewlett Packard Enterprise stock opened at $16.09 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.86. Hewlett Packard Enterprise Co has a 52-week low of $12.09 and a 52-week high of $19.48. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.92 and a beta of 1.60.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. The firm had revenue of $7.95 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the business earned $0.31 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts forecast that Hewlett Packard Enterprise Co will post 1.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.1125 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.45 annualized dividend and a yield of 2.80%. Hewlett Packard Enterprise’s payout ratio is 28.85%.

In other news, insider Philip Davis sold 13,974 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $15.75, for a total value of $220,090.50. Following the completion of the sale, the insider now owns 30,386 shares in the company, valued at approximately $478,579.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeff T. Ricci sold 15,639 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.54, for a total transaction of $227,391.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,195 shares of company stock valued at $1,795,907. Company insiders own 1.18% of the company’s stock.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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

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