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Main » Rhumbline Advisers Has $47.24 Million Position in Hewlett Packard Enterprise Company (HPE)

Rhumbline Advisers Has $47.24 Million Position in Hewlett Packard Enterprise Company (HPE)

13 August 2017

Reilly Financial Advisors LLC raised its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Poplar Forest Capital LLC controls 2,777,681 shares valued at $46,082,000. Hewlett Packard Enterprise's quarterly revenue was down 22.1% compared to the same quarter a year ago. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company's stock worth $756,000 after buying an additional 80 shares in the last quarter. As of quarter end Laurion Capital Management Lp had acquired 528,625 shares growing its stake by 689.8%. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company's stock worth $1,117,081,000 after buying an additional 16,592,308 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Hewlett Packard Enterprise by 1.8% in the first quarter. Franklin Street Advisors Inc. Shares have risen 10.88% over the trailing 6 months.

Hewlett Packard Enterprise Company (HPE) opened at 17.30 on Friday. The overall volume in the last trading session was 7.03 million shares. The stock now has a Market Cap of $195.82B. Hewlett Packard Enterprise Company has a one year low of $15.49 and a one year high of $19.16. Latest closing price was -0.13% below its 50-day moving average and -2.43% below its 200-day moving average. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The value of the company's investment in Hewlett Packard Enterprise Comp decreased from $4,143,000 to $3,152,000 decreasing 23.9% quarter over quarter. The company had revenue of $9.90 billion during the quarter, compared to analysts' expectations of $9.75 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue was down 22.1% on a year-over-year basis. In the last earnings report the EPS was $1.32 and is projected to be $1.45 for the current year with 1,642,630,000 shares now outstanding. Hewlett Packard Enterprise Comp also recently announced a dividend for shareholders which will be paid on Wednesday the 4th of October 2017. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This dividend amount will represent a yeild of $1.47. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise's dividend payout ratio is now 20.16%.

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HPE has been the topic of a number of recent research reports. Robert W. Baird reiterated a "hold" rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 251,268 shares of the stock in a transaction on Friday, August 4th. Jefferies Group LLC reaffirmed a "buy" rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. On Monday, November 9 the stock rating was initiated by BMO Capital Markets with "Market Perform". Out of 2 Wall Street analysts rating Circor, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". During the day, the stock price traveled from $17.07 to $17.6. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares of the company's stock, valued at approximately $17,150,556.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.80, for a total value of $216,482.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,612,328 shares of company stock worth $28,048,424. The average volume of a stock suggests the liquidity of a particular company. The Company's plasma assisted biomass to energy plants utilizes technologies that produces green energy, including fuel and electricity.

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