Brown Advisory Inc. Lowers Stake in Hewlett Packard Enterprise Company (HPE)

Brown Advisory Inc. cut its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 91.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,250 shares of the technology company’s stock after selling 208,321 shares during the period. Brown Advisory Inc.’s holdings in Hewlett Packard Enterprise were worth $269,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. WFG Advisors LP boosted its stake in Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares in the last quarter. Harfst & Associates Inc. boosted its stake in Hewlett Packard Enterprise by 42.5% in the 2nd quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after buying an additional 2,287 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Hewlett Packard Enterprise by 13.2% in the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after purchasing an additional 966 shares in the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Henry Gomez sold 494,360 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was 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 owns 494,360 shares in the company, valued at $7,351,133.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the sale, the chief executive officer now owns 1,514,639 shares of the company’s stock, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders sold 2,962,587 shares of company stock valued at $41,881,180 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

A number of research firms have commented on HPE. Sanford C. Bernstein reissued a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Loop Capital began coverage on Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price objective on the stock. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Robert W. Baird reissued a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Oppenheimer reissued a “buy” rating and issued a $17.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $16.49.

Hewlett Packard Enterprise Company (NYSE:HPE) traded down $0.01 during midday trading on Wednesday, reaching $14.50. The company had a trading volume of 12,199,800 shares, compared to its average volume of 12,209,309. The company has a market capitalization of $23,255.10, a P/E ratio of 11.22, a PEG ratio of 2.45 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 Company has a fifty-two week low of $12.81 and a fifty-two week high of $24.88.

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

Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio is currently 123.82%.

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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).

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

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