Legacy Capital Group California Inc. Sells 2,480 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Legacy Capital Group California Inc. trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,157 shares of the technology company’s stock after selling 2,480 shares during the period. Legacy Capital Group California Inc.’s holdings in Hewlett Packard Enterprise were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HPE. Hazlett Burt & Watson Inc. increased its stake in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $28,000. ORG Partners LLC raised its stake in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares in the last quarter. Rise Advisors LLC lifted its position in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after purchasing an additional 625 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $51,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,012 shares of company stock worth $8,599,617. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Loop Capital boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $21.46.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $19.40 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $19.24 and a two-hundred day moving average price of $19.04. The company has a market cap of $25.21 billion, a P/E ratio of 14.16, a PEG ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.68%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Hewlett Packard Enterprise Profile

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.