Wellington Management Group LLP Sells 130,614 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Wellington Management Group LLP reduced its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,127 shares of the technology company's stock after selling 130,614 shares during the quarter. Wellington Management Group LLP's holdings in Hewlett Packard Enterprise were worth $3,184,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in Hewlett Packard Enterprise by 6.2% in the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock valued at $161,000 after buying an additional 440 shares during the period. Essex Financial Services Inc. raised its position in shares of Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after acquiring an additional 461 shares in the last quarter. Aviso Financial Inc. raised its position in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after acquiring an additional 490 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of Hewlett Packard Enterprise by 2.2% in the 4th 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. boosted its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th 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 in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America lowered their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Susquehanna dropped their target price 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. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 12th. Finally, Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average target price of $21.50.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction 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 document filed with the SEC, which is available through the SEC website. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Up 2.0%

HPE traded up $0.36 during midday trading on Friday, reaching $18.12. 14,257,488 shares of the company were exchanged, compared to its average volume of 17,010,241. The company has a market cap of $23.80 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company's fifty day moving average price is $16.14 and its 200 day moving average price is $19.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. As a group, analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

About Hewlett Packard Enterprise

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.