American International Group Inc. Reduces Position in Hewlett Packard Enterprise (NYSE:HPE)

American International Group Inc. lowered its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 711,639 shares of the technology company’s stock after selling 5,378 shares during the quarter. American International Group Inc. owned approximately 0.05% of Hewlett Packard Enterprise worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. boosted its stake in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,261 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $35,000. Founders Financial Alliance LLC grew its holdings in shares of Hewlett Packard Enterprise by 52.8% during the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after buying an additional 851 shares during the last quarter. ORG Partners LLC increased its position in Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Hewlett Packard Enterprise by 605.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after acquiring an additional 2,790 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total value of $752,122.21. Following the sale, the executive vice president now directly owns 111,054 shares in the company, valued at $2,277,717.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise 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 sale, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 36,671 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now directly owns 111,054 shares in the company, valued at approximately $2,277,717.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,680 shares of company stock valued at $2,667,136. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HPE shares. Barclays boosted their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Evercore ISI boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.69.

Hewlett Packard Enterprise Trading Down 0.7 %

Shares of HPE stock opened at $21.60 on Monday. The stock has a market cap of $28.07 billion, a P/E ratio of 15.77, a P/E/G ratio of 3.11 and a beta of 1.18. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $21.90. The business has a fifty day simple moving average of $17.98 and a 200-day simple moving average of $16.99.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 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.