Harvest Fund Management Co. Ltd Sells 75,239 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Harvest Fund Management Co. Ltd trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 96.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,098 shares of the technology company’s stock after selling 75,239 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Hewlett Packard Enterprise were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. BOKF NA lifted its position in Hewlett Packard Enterprise by 23.8% during the first quarter. BOKF NA now owns 4,673 shares of the technology company’s stock valued at $84,000 after purchasing an additional 898 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hewlett Packard Enterprise by 20.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock valued at $36,662,000 after buying an additional 347,067 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 24.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company’s stock worth $866,000 after buying an additional 9,667 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Hewlett Packard Enterprise by 3.0% in the first quarter. California State Teachers Retirement System now owns 2,165,713 shares of the technology company’s stock worth $38,398,000 after acquiring an additional 63,020 shares during the period. Finally, Comerica Bank increased its position in Hewlett Packard Enterprise by 36.5% during the first quarter. Comerica Bank now owns 266,326 shares of the technology company’s stock valued at $4,722,000 after acquiring an additional 71,267 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 26.11 % 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 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 transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 5.9 %

HPE stock opened at $20.82 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The business has a 50 day simple moving average of $20.58 and a two-hundred day simple moving average of $19.71. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 3.47 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced 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 of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.21.

About Hewlett Packard Enterprise

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.