Janney Montgomery Scott LLC Lowers Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Janney Montgomery Scott LLC reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 49.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,195 shares of the technology company's stock after selling 131,339 shares during the period. Janney Montgomery Scott LLC's holdings in Hewlett Packard Enterprise were worth $2,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Korea Investment CORP increased its position in shares of Hewlett Packard Enterprise by 8.3% during the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after purchasing an additional 77,244 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $3,598,000. Atria Investments Inc increased its stake in Hewlett Packard Enterprise by 24.3% in the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after purchasing an additional 4,864 shares during the period. Farther Finance Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Hewlett Packard Enterprise by 115.5% in the fourth quarter. Jones Financial Companies Lllp now owns 11,053 shares of the technology company's stock valued at $236,000 after buying an additional 5,924 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.07 during trading on Friday, reaching $18.44. 17,125,790 shares of the company were exchanged, compared to its average volume of 16,499,053. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The stock's 50 day moving average price is $17.30 and its 200 day moving average price is $18.67. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a market cap of $24.19 billion, a P/E ratio of 18.62, a PEG ratio of 2.71 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent research reports. Barclays increased their price objective on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday. They set a "sector weight" rating for the company. Susquehanna lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Bank of America dropped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average price target of $21.31.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.