Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,951,861 shares of the technology company’s stock after selling 223,632 shares during the quarter. Victory Capital Management Inc. owned approximately 0.15% of Hewlett Packard Enterprise worth $39,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $861,000. CHICAGO TRUST Co NA lifted its stake in shares of Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after buying an additional 36,704 shares during the period. National Pension Service lifted its stake in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after buying an additional 472,885 shares during the period. Cetera Investment Advisers lifted its stake in Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock worth $100,070,000 after purchasing an additional 463,965 shares during the period. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HPE. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price for the company. Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target on the stock. Finally, UBS Group upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.46.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the 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 sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,012 shares of company stock valued at $8,599,617. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 1.3 %

NYSE:HPE opened at $21.07 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a market cap of $27.36 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19. The company has a 50 day simple moving average of $19.80 and a two-hundred day simple moving average of $19.40.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.35 EPS. Research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. Hewlett Packard Enterprise’s payout ratio is presently 37.14%.

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.