Integrated Advisors Network LLC Sells 188,540 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Integrated Advisors Network LLC lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 93.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,258 shares of the technology company’s stock after selling 188,540 shares during the period. Integrated Advisors Network LLC’s holdings in Hewlett Packard Enterprise were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of Hewlett Packard Enterprise by 13.2% during the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after acquiring an additional 108,971 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Hewlett Packard Enterprise by 17.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after acquiring an additional 232,150 shares in the last quarter. TCW Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $348,000. Truist Financial Corp increased its position in shares of Hewlett Packard Enterprise by 1.5% during the fourth quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock valued at $1,367,000 after acquiring an additional 1,190 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of Hewlett Packard Enterprise by 49.0% during the fourth quarter. TD Asset Management Inc now owns 799,850 shares of the technology company’s stock valued at $13,581,000 after acquiring an additional 263,182 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction 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 sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares in the company, valued at $2,944,995.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,464 shares of company stock worth $3,160,866. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.4 %

Shares of HPE stock opened at $21.84 on Thursday. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.12 and a beta of 1.18. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company’s fifty day moving average price is $18.21 and its 200-day moving average price is $17.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HPE shares. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, June 7th. Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Finally, UBS Group raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.69.

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.