78,100 Shares in Hewlett Packard Enterprise Company (HPE) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 78,100 shares of the technology company’s stock, valued at approximately $1,296,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $125,000. Finally, Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $127,000. Institutional investors and hedge funds own 79.80% of the company’s stock.

Hewlett Packard Enterprise Company (NYSE HPE) traded down 0.69% on Friday, hitting $17.18. The stock had a trading volume of 9,559,965 shares. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The company’s 50-day moving average price is $17.32 and its 200 day moving average price is $17.63. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 13.03 and a beta of 2.74.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. Analysts expect that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.51%. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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Several analysts have weighed in on HPE shares. Credit Suisse Group reiterated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. CIBC lowered their target price on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Mizuho restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $18.00 target price (up previously from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.87.

In related news, CEO Margaret C. Whitman sold 251,268 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the sale, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,981,652 shares of company stock valued at $34,537,666. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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

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

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