Freedom Investment Management Inc. Has $1.18 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Freedom Investment Management Inc. decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 23.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,807 shares of the technology company’s stock after selling 17,648 shares during the quarter. Freedom Investment Management Inc.’s holdings in Hewlett Packard Enterprise were worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HPE. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after buying an additional 23,035,594 shares during the period. Marshall Wace LLP lifted its position in shares of Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after acquiring an additional 8,560,086 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth $105,185,000. Finally, Panagora Asset Management Inc. raised its stake in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after purchasing an additional 3,291,880 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Loop Capital boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.21.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 over the last ninety days. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 5.9 %

NYSE:HPE opened at $20.82 on Thursday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market cap of $27.04 billion, a PE ratio of 14.87, a P/E/G ratio of 3.47 and a beta of 1.19. The firm’s 50 day simple moving average is $20.58 and its 200 day simple moving average is $19.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 firm posted $0.35 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.