Elo Mutual Pension Insurance Co Reduces Holdings in Hewlett Packard Enterprise Company $HPE

Elo Mutual Pension Insurance Co lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 53.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 71,370 shares of the technology company’s stock after selling 83,002 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Hewlett Packard Enterprise were worth $1,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFC Financial Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after acquiring an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $26,000. Finally, Clearstead Trust LLC grew its position in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after buying an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 35,958 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 148,501 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.99, for a total value of $3,711,039.99. Following the completion of the sale, the executive vice president directly owned 248,091 shares in the company, valued at $6,199,794.09. This represents a 37.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 585,537 shares of company stock worth $14,255,864. 0.44% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

HPE opened at $21.57 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $22.29 and its 200 day moving average price is $23.08. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The firm has a market cap of $28.66 billion, a price-to-earnings ratio of -359.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Citigroup cut their target price on shares of Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.29.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.