Jacobs Levy Equity Management Inc. Sells 251,047 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Jacobs Levy Equity Management Inc. trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE) by 51.9% in the first quarter, HoldingsChannel.com reports. The firm owned 232,632 shares of the technology company’s stock after selling 251,047 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Rise Advisors LLC grew its holdings in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the period. Johnson Financial Group Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $35,000. American National Bank grew its holdings in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares during the period. Founders Financial Alliance LLC grew its holdings in Hewlett Packard Enterprise by 52.8% during the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares during the period. Finally, ORG Partners LLC grew its holdings in Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $0.82 during mid-day trading on Wednesday, hitting $19.83. 4,048,017 shares of the stock were exchanged, compared to its average volume of 15,482,011. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $17.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The company has a market capitalization of $25.77 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.80 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.62%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Ratings Changes

Several brokerages have recently commented on HPE. Morgan Stanley restated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, June 7th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Susquehanna raised their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, UBS Group raised their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.08.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock worth $2,850,108 in the last quarter. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.