Rhumbline Advisers Acquires 145,495 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rhumbline Advisers grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,589,557 shares of the technology company's stock after purchasing an additional 145,495 shares during the period. Rhumbline Advisers owned approximately 0.20% of Hewlett Packard Enterprise worth $39,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. raised its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock valued at $161,000 after purchasing an additional 440 shares during the period. Essex Financial Services Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after purchasing an additional 461 shares during the period. Aviso Financial Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock valued at $1,154,000 after purchasing an additional 490 shares during the period. Forum Financial Management LP raised its holdings in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after purchasing an additional 515 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock valued at $2,769,000 after purchasing an additional 524 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Loop Capital dropped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Raymond James boosted their target price on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Hewlett Packard Enterprise Stock Down 0.4%

HPE stock traded down $0.07 during trading on Thursday, reaching $17.78. The stock had a trading volume of 23,708,464 shares, compared to its average volume of 17,305,962. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $16.09 and its two-hundred day moving average is $19.08. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Hewlett Packard Enterprise 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.