Hewlett Packard Enterprise Co (HPE) Shares Sold by Aviva PLC

Aviva PLC lowered its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 47.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 735,068 shares of the technology company’s stock after selling 663,176 shares during the period. Aviva PLC’s holdings in Hewlett Packard Enterprise were worth $11,989,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Hewlett Packard Enterprise by 16,531.4% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Hewlett Packard Enterprise during the third quarter worth $137,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth $158,000. Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth $158,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Hewlett Packard Enterprise by 94.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock worth $171,000 after purchasing an additional 5,087 shares during the last quarter. 80.27% of the stock is owned by hedge funds and other institutional investors.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keerti Melkote sold 102,284 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the transaction, the insider now directly owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. Insiders sold 664,319 shares of company stock valued at $10,978,971 in the last ninety days. 1.18% of the stock is owned by corporate insiders.

HPE has been the subject of several recent research reports. Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Oppenheimer set a $20.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, August 30th. UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a “hold” rating and a $17.00 target price for the company. Finally, Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.43.

HPE opened at $15.00 on Monday. Hewlett Packard Enterprise Co has a fifty-two week low of $13.75 and a fifty-two week high of $19.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.86 and a beta of 1.61.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a yield of 3.00%. Hewlett Packard Enterprise’s payout ratio is 46.88%.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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