NBC Securities Inc. reduced its holdings of Hewlett Packard Enterprise (NYSE: HPE) by 32.7% in the fourth quarter, as reported in its recent 13F filing with the SEC. The institutional investor sold 997 shares, leaving it with 2,052 shares valued at $34,000. Other institutional investors like AGF Management Ltd., Teacher Retirement System of Texas, Thompson Siegel & Walmsley LLC, Versor Investments LP, and Principal Securities Inc. have also made changes to their stakes in Hewlett Packard Enterprise.
On Wall Street, analysts have varied opinions on HPE’s stock. Barclays, Evercore ISI, Morgan Stanley, and Wells Fargo & Company have all adjusted their price targets and ratings for Hewlett Packard Enterprise. StockNews.com downgraded HPE’s rating from “buy” to “hold.” Overall, the stock has a consensus rating of “hold” with an average price target of $17.91.
Hewlett Packard Enterprise’s stock opened at $17.86 on Friday and has a 52-week low of $13.79 and a high of $20.07. The company also recently announced its quarterly earnings, surpassing analysts’ estimates with $0.48 earnings per share. Hewlett Packard Enterprise reported a revenue of $6.76 billion for the quarter with a decrease of 13.5% year over year.
Moreover, Hewlett Packard Enterprise declared a quarterly dividend, paid on April 12th with a yield of 2.91%. Insiders like SVP Jeremy Cox have sold shares of Hewlett Packard Enterprise recently. The company’s business profile includes segments like Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others.
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https://www.defenseworld.net/2024/05/18/nbc-securities-inc-sells-997-shares-of-hewlett-packard-enterprise-nysehpe.html