Gamco Investors INC. ET AL Lowers Stake in Hewlett Packard Enterprise (NYSE:HPE)

Gamco Investors INC. ET AL reduced its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,399 shares of the technology company’s stock after selling 2,100 shares during the period. Gamco Investors INC. ET AL’s holdings in Hewlett Packard Enterprise were worth $9,652,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HPE. Wellington Management Group LLP lifted its position in Hewlett Packard Enterprise by 51.9% during the 3rd quarter. Wellington Management Group LLP now owns 87,085 shares of the technology company’s stock valued at $1,513,000 after acquiring an additional 29,737 shares during the period. Raymond James Trust N.A. increased its stake in Hewlett Packard Enterprise by 10.1% during the 4th quarter. Raymond James Trust N.A. now owns 12,070 shares of the technology company’s stock valued at $205,000 after purchasing an additional 1,107 shares in the last quarter. Brookstone Capital Management increased its stake in Hewlett Packard Enterprise by 8.1% during the 4th quarter. Brookstone Capital Management now owns 18,994 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,418 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $512,000. Finally, Mutual Advisors LLC increased its stake in Hewlett Packard Enterprise by 14.1% during the 4th quarter. Mutual Advisors LLC now owns 42,101 shares of the technology company’s stock valued at $715,000 after purchasing an additional 5,215 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock valued at $2,850,108 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on HPE shares. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, June 7th. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, June 21st. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.08.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded up $0.31 during trading hours on Friday, hitting $19.76. 7,954,784 shares of the company’s stock traded hands, compared to its average volume of 10,662,543. The business’s fifty day moving average price is $20.19 and its two-hundred day moving average price is $17.85. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.68 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.81 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.