The Hewlett Packard Enterprise Company (HPE) Position Lowered by Kanawha Capital Management LLC

The Hewlett Packard Enterprise Company (HPE) Position Lowered by Kanawha Capital Management LLC

Several other large investors have also added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC boosted its stake in Hewlett Packard Enterprise by 1.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 12,172 shares of the technology company’s stock worth $288,000 after buying an additional 122 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Hewlett Packard Enterprise by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,448,203 shares of the technology company’s stock worth $34,322,000 after buying an additional 31,097 shares during the period. Fulton Bank N.A. boosted its stake in Hewlett Packard Enterprise by 6.7% in the first quarter. Fulton Bank N.A. now owns 12,421 shares of the technology company’s stock worth $294,000 after buying an additional 785 shares during the period. Creative Planning boosted its stake in Hewlett Packard Enterprise by 11.1% in the first quarter. Creative Planning now owns 94,506 shares of the technology company’s stock worth $2,240,000 after buying an additional 9,439 shares during the period. Finally, Burke & Herbert Bank & Trust Co. boosted its stake in Hewlett Packard Enterprise by 9.0% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 24,902 shares of the technology company’s stock worth $591,000 after buying an additional 2,060 shares during the period. 80.60% of the stock is currently owned by institutional investors.

Kanawha Capital Management LLC lowered its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 24,148 shares of the technology company’s stock after selling 149 shares during the period. Kanawha Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $401,000 as of its most recent filing with the SEC.

Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.55 on Wednesday. The company has a market cap of $28.83 billion, a P/E ratio of 13.31 and a beta of 2.74. The company has a 50-day moving average of $17.04 and a 200 day moving average of $17.61. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. Hewlett Packard Enterprise’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts predict that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.

A number of equities research analysts have recently weighed in on HPE shares. Jefferies Group LLC cut their price target on Hewlett Packard Enterprise from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, April 4th. Berenberg Bank assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, April 4th. They set a “hold” rating and a $17.00 price objective on the stock. Credit Suisse Group reiterated a “hold” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, April 4th. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Wednesday, April 5th. Finally, CIBC lowered their price objective on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.87.

In related news, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the transaction, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 132,192 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,222,659 shares of company stock valued at $21,261,263. 0.87% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

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).

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