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.
Several other hedge funds and other institutional investors have also modified their holdings of HPE. Regentatlantic Capital LLC increased its position in Hewlett Packard Enterprise by 8.9% in the second quarter. Poplar Forest Capital LLC augmented its stake by buying 444,768 shares an increase of 19.1%. Proshare Advisors LLC now owns 189,982 shares worth $3,152,000. BLB&B Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth about $247,000.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, May 31st. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 124,150,321 shares of the stock are valued at $2.19 billion. Finally, Fulton Bank N.A. boosted its position in Hewlett Packard Enterprise by 6.7% in the first quarter. Heritage Investors Management Corp now owns 247,068 shares of the technology company's stock worth $5,856,000 after buying an additional 5,900 shares in the last quarter. Following the sale, the executive vice president now owns 24,083 shares of the company's stock, valued at approximately $452,760.40. Analysts expect that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current fiscal year. The firm has a market cap of $28.76 billion, a PE ratio of 13.28 and a beta of 2.74.
Shares of the company are trading at $17.31 which is a tad under $17.20, the 50 day moving average and which is marginally lower than the 200 day moving average of $17.61.
Hewlett Packard Enterprise Company is a well-known provider of technology solutions. CT increased its stake in Hewlett Packard Enterprise by 15.6% in the second quarter. The technology company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The value of the company's investment in Hewlett Packard Enterprise Comp went from $4,143,000 to $3,152,000 a change of $991,000 quarter to quarter. The firm's revenue for the quarter was down 22.1% compared to the same quarter a year ago. The business's revenue for the quarter was down 22.1% on a year-over-year basis.
Hewlett Packard Enterprise Company (NYSE:HPE) has been given a consensus recommendation of "Hold" by the thirty-one research firms that are now covering the stock, Marketbeat Ratings reports.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This dividend represents a yield of $1.47. The ex-dividend date will be Monday June 12th, 2017. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 20.16%.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States and global copyright & trademark laws. The original version of this article can be accessed at https://www.com-unik.info/2017/08/12/rhumbline-advisers-sells-42951-shares-of-hewlett-packard-enterprise-company-nysehpe.html.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th.
Growth rates are very important while analyzing the long term growth and valuation of a certain company. CIBC cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating on the stock in a research report on Tuesday, July 4th. Credit Suisse Group reaffirmed an "outperform" rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. Hewlett Packard Enterprise had 39 analyst reports since November 3, 2015 according to SRatingsIntel. Out of 2 Wall Street analysts rating Circor, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Hewlett Packard Enterprise now has a consensus rating of "Hold" and an average target price of $21.87. The total value of its holdings decreased 16.7%. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The disclosure for this sale can be found here. (NYSE:PGRE) are -3.27%; 1.95% for the month; -1.14% for the last quarter; -6.17% for the past six-months; and -11.27% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. The Company's plasma assisted biomass to energy plants utilizes technologies that produces green energy, including fuel and electricity.