Hewlett Packard Enterprise (NYSE:HPE) Stake Cut by Maverick Capital Ltd.

Maverick Capital Ltd. reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 67.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,839 shares of the technology company’s stock after selling 89,762 shares during the period. Maverick Capital Ltd.’s holdings in Hewlett Packard Enterprise were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP increased its holdings 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 last quarter. Eagle Asset Management Inc. increased 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 valued at $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $105,185,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 336.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 2.0 %

Shares of HPE opened at $21.22 on Monday. The stock has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $19.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.32 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. Analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.14%.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock valued at $8,599,617. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on HPE shares. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Citigroup raised their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.21.

About Hewlett Packard Enterprise

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.