First Hawaiian Bank Sells 2,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Posted by Defense World Staff on Mar 22nd, 2023

First Hawaiian Bank trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,500 shares of the technology company’s stock after selling 2,000 shares during the quarter. First Hawaiian Bank’s holdings in Hewlett Packard Enterprise were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of Hewlett Packard Enterprise by 66.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,062 shares of the technology company’s stock worth $25,000 after purchasing an additional 821 shares in the last quarter. Old North State Trust LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $25,000. Horan Securities Inc. lifted its position in shares of Hewlett Packard Enterprise by 211.8% during the third quarter. Horan Securities Inc. now owns 2,214 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,504 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of Hewlett Packard Enterprise by 77.9% during the third quarter. Dupont Capital Management Corp now owns 2,512 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Independence Bank of Kentucky acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $32,000. 81.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HPE shares. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $17.00 in a research report on Monday, December 5th. StockNews.com assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, March 3rd. Susquehanna increased their price objective on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a report on Wednesday, November 30th. Finally, Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.77.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 5,000 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $16.50, for a total transaction of $82,500.00. Following the completion of the sale, the executive vice president now owns 34,764 shares of the company’s stock, valued at $573,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Phil Mottram sold 5,000 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $16.50, for a total transaction of $82,500.00. Following the completion of the sale, the executive vice president now owns 34,764 shares of the company’s stock, valued at $573,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 703,226 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $15.11, for a total transaction of $10,625,744.86. Following the sale, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at approximately $3,770,111.21. The disclosure for this sale can be found here. Insiders sold 799,621 shares of company stock valued at $12,178,761 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

Hewlett Packard Enterprise Trading Up 2.1 %

HPE opened at $14.75 on Wednesday. The firm’s fifty day moving average is $15.73 and its two-hundred day moving average is $14.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $19.11 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.66.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $7.81 billion for the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a net margin of 2.92% and a return on equity of 4.22%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.3 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, March 16th. Hewlett Packard Enterprise’s dividend payout ratio is 73.85%.

Hewlett Packard Enterprise Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.