City Holding Co. reduced its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 8.4% during the first quarter, Holdings Channel reports. The firm owned 20,108 shares of the technology company’s stock after selling 1,850 shares during the period. City Holding Co.’s holdings in Hewlett Packard Enterprise were worth $477,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HPE. Dodge & Cox acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $4,831,636,000. Hotchkis & Wiley Capital Management LLC increased its position in Hewlett Packard Enterprise by 94.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 37,399,100 shares of the technology company’s stock valued at $865,415,000 after buying an additional 18,117,846 shares during the period. AQR Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 527.0% in the fourth quarter. AQR Capital Management LLC now owns 25,007,739 shares of the technology company’s stock valued at $578,679,000 after buying an additional 21,019,389 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hewlett Packard Enterprise by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,865,314 shares of the technology company’s stock valued at $413,423,000 after buying an additional 259,694 shares during the period. Finally, Norges Bank purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $372,714,000. Institutional investors and hedge funds own 79.10% of the company’s stock.

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise Co (NYSE:HPE) traded down 1.500% during midday trading on Friday, hitting $18.055. 6,449,767 shares of the stock were exchanged. Hewlett Packard Enterprise Co has a 12-month low of $15.38 and a 12-month high of $24.88. The company has a market cap of $29.93 billion, a PE ratio of 9.791 and a beta of 3.05. The firm has a 50-day moving average price of $21.06 and a 200-day moving average price of $22.58.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $12.09 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. Hewlett Packard Enterprise’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. On average, equities analysts predict that Hewlett Packard Enterprise Co will post $1.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 annualized dividend and a yield of 1.42%. Hewlett Packard Enterprise’s payout ratio is 14.21%.

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HPE has been the subject of several recent analyst reports. FBN Securities reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 18th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday, April 4th. Needham & Company LLC cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.83.

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 39,608 shares of the firm’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $18.23, for a total transaction of $722,053.84. Following the transaction, the executive vice president now owns 61,078 shares of the company’s stock, valued at approximately $1,113,451.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John F. Schultz sold 17,176 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $24.00, for a total transaction of $412,224.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,500,214 shares of company stock worth $33,569,384. 0.87% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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