Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 522,905 shares of the technology company’s stock after selling 39,081 shares during the period. US Bancorp DE’s holdings in Hewlett Packard Enterprise were worth $8,675,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HPE. Vanguard Group Inc. raised its position in shares of Hewlett Packard Enterprise by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock worth $2,591,553,000 after buying an additional 4,103,276 shares during the last quarter. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock worth $1,202,593,000 after buying an additional 13,343,212 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hewlett Packard Enterprise by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 19,552,733 shares of the technology company’s stock worth $463,399,000 after buying an additional 2,759,981 shares during the last quarter. 79.80% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.69% during midday trading on Friday, hitting $17.18. The stock had a trading volume of 9,559,965 shares. Hewlett Packard Enterprise Company has a 52 week low of $15.49 and a 52 week high of $19.16. The company’s 50 day moving average price is $17.32 and its 200-day moving average price is $17.63. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 13.03 and a beta of 2.74. Hewlett Packard Enterprise also saw some unusual options trading on Tuesday. Investors bought 19,342 call options on the stock. This represents an increase of approximately 647% compared to the typical daily volume of 2,590 call options.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s revenue for the quarter was down 22.1% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.51%. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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Several research analysts have issued reports on HPE shares. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Credit Suisse Group reiterated a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Barclays PLC dropped their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $21.87.

In related news, SVP Jeff T. Ricci sold 6,460 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.99, for a total transaction of $122,675.40. Following the sale, the senior vice president now owns 10,352 shares in the company, valued at approximately $196,584.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher P. Hsu sold 11,515 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total value of $216,482.00. Following the sale, the executive vice president now owns 24,083 shares in the company, valued at approximately $452,760.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,981,652 shares of company stock worth $34,537,666. 0.87% of the stock is owned by corporate insiders.

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).

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

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