Poplar Forest Capital LLC Has $48.01 Million Stock Position in Hewlett Packard Enterprise Co (NYSE:HPE)

Poplar Forest Capital LLC decreased its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 3,211,097 shares of the technology company’s stock after selling 188,747 shares during the period. Hewlett Packard Enterprise comprises 3.5% of Poplar Forest Capital LLC’s holdings, making the stock its 14th largest holding. Poplar Forest Capital LLC’s holdings in Hewlett Packard Enterprise were worth $48,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at $25,000. Wealthcare Advisory Partners LLC boosted its position in Hewlett Packard Enterprise by 367.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,679 shares during the last quarter. Truewealth LLC boosted its position in Hewlett Packard Enterprise by 72.7% during the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Thor Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at $37,000. Finally, Private Ocean LLC boosted its position in Hewlett Packard Enterprise by 34.9% during the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after purchasing an additional 668 shares during the last quarter. 81.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HPE traded up $0.12 on Friday, reaching $12.80. The company had a trading volume of 10,455,000 shares, compared to its average volume of 9,787,883. Hewlett Packard Enterprise Co has a twelve month low of $12.09 and a twelve month high of $17.59. The stock has a 50-day moving average price of $14.33 and a 200 day moving average price of $15.17. The stock has a market capitalization of $16.98 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.22 and a beta of 1.58. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.57.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The company had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.112 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.50%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.

A number of analysts recently issued reports on the company. Longbow Research assumed coverage on Hewlett Packard Enterprise in a research report on Friday, June 21st. They set a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, May 22nd. Maxim Group set a $17.00 price objective on Hewlett Packard Enterprise and gave the company a “hold” rating in a research report on Friday, August 2nd. ValuEngine cut Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Barclays assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $14.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.33.

In other news, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $14.33, for a total value of $235,183.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $13.85, for a total value of $1,172,111.65. The disclosure for this sale can be found here. Insiders sold 111,129 shares of company stock valued at $1,558,212 in the last ninety days. Insiders own 0.56% of the company’s stock.

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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