Garde Capital Inc. Maintains Position in Hewlett Packard Enterprise Company (HPE)

Gwen Vasquez
August 12, 2017

Hotchkis & Wiley Capital Management LLC bought 16,592,308 shares in quarter ending 06/30/2017 increasing its stake in Hewlett Packard Enterprise Comp (HPE) by 32.7%. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at approximately $15,051,365.40.

A number of other hedge funds have also modified their holdings of the company. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has "Hold" rating given on Monday, May 29 by Stifel Nicolaus. Finally, Heritage Investors Management Corp increased its position in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. First National Bank & Trust Co. of Newtown increased its position in shares of Hewlett Packard Enterprise by 0.3% in the first quarter. YorkBridge Wealth Partners LLC boosted its position in Hewlett Packard Enterprise by 12.1% in the first quarter. Finally, Heritage Investors Management Corp increased its position in Hewlett Packard Enterprise by 2.4% in the first quarter. Franklin Street Advisors Inc. For the quarter, shares have been noted at -7.16%. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned "Market Perform" rating by BMO Capital Markets on Friday, February 24.

The company's P/E ratio is 13.02 and market capitalization is 28.20B.

While trading at volume below than average, The Coca-Cola Company (NYSE:KO) previous 52-week high was $46.42 and moved up 4.88% over the same period, trading at a volume of 8.86 million.

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Shares are trading at $17.31 a tad under $17.20, the stock's 50 day moving average and barely below the 200 day moving average of $17.61.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The analysts estimated EPS for the higher end at 0.28 and lower end at 0.24 while the year ago reported earnings per share was 0.5. EPS long term mean growth rate estimated by 1 analysts is at -9.94%, whereas, the high and low Long term growth rate estimated at -9.94 and -9.94. CA increased its stake in Hewlett Packard Enterprise by 9.6% in the first quarter. In contrast to the year ago quarter EPS was at 0.62. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, analysts predict that Hewlett Packard Enterprise will post $1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.065 dividend. This dividend represents a yield of $1.47. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 20.16%. If you are accessing this news story on another publication, it was stolen and reposted in violation of USA and global copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/08/11/hewlett-packard-enterprise-company-nysehpe-position-decreased-by-pointe-capital-management-llc.html.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group reiterated a "buy" rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. 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. The rating was initiated by Brean Capital on Friday, November 6 with "Hold". Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a "strong sell" rating to a "hold" rating in a research report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company now has a consensus rating of "Hold" and a consensus price target of $21.87. The shares were sold at an average price of $18.90, for a total transaction of $384,501.60. Laurion Capital Management Lp controls 605,256 shares valued at $10,041,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The company's shares were given away at $17.45 per share worth to an income of some $2,415,097 on account of WHITMAN MARGARET C. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $47.44 on company shares.

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