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Main » Hewlett Packard Enterprise Company (NYSE:HPE) Stock Sees The Needle Move -1.20%

Hewlett Packard Enterprise Company (NYSE:HPE) Stock Sees The Needle Move -1.20%

12 August 2017

Rhumbline Advisers owned about 0.17% of Hewlett Packard Enterprise worth $47,239,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Capstone Asset Management Co. now owns 146,183 shares of the technology company's stock worth $3,465,000 after buying an additional 2,384 shares during the period. SOL Capital Management CO's holdings in Hewlett Packard Enterprise were worth $974,000 at the end of the most recent quarter. Netols Asset Management Inc. owns 107,954 shares or 1.44% of their U.S. portfolio.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, May 31st. On average, equities analysts predict that Hewlett Packard Enterprise will post $1.45 earnings per share for the current fiscal year. Hotchkis & Wiley Capital Management LLC raised its stake in Hewlett Packard Enterprise by 35.7% in the first quarter. Cedar Wealth Management LLC now owns 12,330 shares of the technology company's stock valued at $205,000 after buying an additional 1,879 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $3,943,000. Spirit of America Management Corp NY now owns 14,300 shares of the technology company's stock worth $339,000 after buying an additional 3,300 shares during the period.

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Shares of Hewlett Packard Enterprise (HPE) traded up 1.05% during trading on Friday, reaching $17.30.

The company's P/E ratio is 13.03 and the market cap is 28.22B. During the day, the stock price traveled from $17.07 to $17.6. Its share price has decline -7.16% in three months and is up 1.67% for the last five trades. The technology company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. It has outperformed by 40.04% the S&P500.The move comes after 9 months positive chart setup for the $28.63 billion company. The firm's revenue for the quarter was down 22.1% compared to the same quarter past year. Over the past five trading sessions it is -0.98%; 1.97% for the month; -9.23% for the last quarter; -5.1% for the past six-months; and 6.04% for the last 12 months.

Hewlett Packard Enterprise Company (NYSE:HPE) has been given a consensus recommendation of "Hold" by the thirty-one research firms that are now covering the stock, Marketbeat Ratings reports.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 20.16%. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark and copyright law. If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The original version of this piece of content can be read at https://sportsperspectives.com/2017/08/12/hewlett-packard-enterprise-company-hpe-position-lowered-by-kanawha-capital-management-llc-updated.html.

A number of analysts recently issued reports on the company.

At the time of writing, Hewlett Packard Enterprise Company (NYSE:HPE) has a Piotroski F-Score of 5. Credit Suisse Group restated a "buy" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Maxim Group reaffirmed a "hold" rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The Mean Recommendation is the average rating on a stock by the analyst community.

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In other news, EVP Christopher P. Hsu sold 15,333 shares of the firm's stock in a transaction that occurred on Thursday, July 20th. The total value of its holdings decreased 16.7%. Following the completion of the transaction, the chief executive officer now owns 962,433 shares in the company, valued at approximately $17,150,556.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The stock was sold at an average price of $18.90, for a total transaction of $384,501.60. The disclosure for this sale can be found here. The firm owned 58,686 shares of the technology company's stock after selling 1,625 shares during the period.