Balasa Dinverno & Foltz LLC Reduces Stock Position in Hewlett Packard Enterprise Co (NYSE:HPE)

Balasa Dinverno & Foltz LLC lowered its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 85,198 shares of the technology company’s stock after selling 5,037 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Hewlett Packard Enterprise were worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its stake 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 worth $32,000 after buying an additional 1,679 shares during the last quarter. WealthStone Inc. bought a new position in Hewlett Packard Enterprise during the second quarter worth $34,000. Truewealth LLC raised its stake in Hewlett Packard Enterprise by 72.7% during the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in Hewlett Packard Enterprise during the third quarter worth $38,000. Finally, CSat Investment Advisory L.P. increased its stake in Hewlett Packard Enterprise by 231.9% in the second quarter. CSat Investment Advisory L.P. now owns 2,854 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,994 shares in the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.

HPE traded up $0.13 during midday trading on Wednesday, reaching $15.74. The company had a trading volume of 5,239,366 shares, compared to its average volume of 9,918,759. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 0.79. The stock has a market cap of $20.67 billion, a PE ratio of 8.89, a P/E/G ratio of 1.27 and a beta of 1.57. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.59. The business has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $14.84.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, November 25th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. The firm had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, research analysts anticipate that Hewlett Packard Enterprise Co will post 1.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.05%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. Hewlett Packard Enterprise’s payout ratio is 25.42%.

In related news, insider Philip Davis sold 16,436 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total transaction of $237,171.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 49,635 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the sale, the chief executive officer now directly owns 29,602 shares in the company, valued at approximately $449,654.38. The disclosure for this sale can be found here. In the last three months, insiders sold 519,526 shares of company stock worth $8,284,389. Insiders own 0.56% of the company’s stock.

Several equities research analysts have weighed in on the stock. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 26th. UBS Group decreased their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Bank of America raised shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, October 21st. Nomura decreased their price target on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, November 25th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $16.47.

Hewlett Packard Enterprise Profile

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.

See Also: What is the price-to-earnings growth (PEG) ratio?

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.