Meyer Handelman Co. reduced its stake in Hewlett Packard Enterprise by 5.7% in the first quarter, selling 12,600 shares, according to the latest SEC filing. Other institutional investors, like Raymond James & Associates and Mackenzie Financial Corp, have also adjusted their holdings in the company. Internal activities within Hewlett Packard Enterprise saw senior executives selling shares in recent transactions. Analysts have set new price targets for the company, with most giving a “hold” or “neutral” rating. The company’s stock performance showed a 2.6% decrease in operations, with a market capitalization of $27.19 billion. Hewlett Packard Enterprise reported earnings exceeding analysts’ estimates in their recent quarterly report, with revenue increasing by 3.3%. The company also declared a quarterly dividend, with a payout ratio of 37.96%.
Hewlett Packard Enterprise offers solutions for data management across various regions. The company operates in six segments and continues to be a key player in the industry. Investors can stay updated on the company’s latest developments and insider trading through platforms like HoldingsChannel.com. By subscribing to MarketBeat.com, investors can receive news and ratings on Hewlett Packard Enterprise, ensuring they stay informed on the company’s performance and prospects.
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https://www.defenseworld.net/2024/06/23/meyer-handelman-co-sells-12600-shares-of-hewlett-packard-enterprise-nysehpe.html