First Trust Advisors LP Raises Position in Hewlett Packard Enterprise (NYSE:HPE)

First Trust Advisors LP lifted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,692,175 shares of the technology company's stock after purchasing an additional 658,117 shares during the period. First Trust Advisors LP owned about 0.58% of Hewlett Packard Enterprise worth $164,228,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth $292,959,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $119,067,000. Renaissance Technologies LLC increased its holdings in Hewlett Packard Enterprise by 330.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company's stock valued at $60,690,000 after purchasing an additional 2,182,800 shares during the period. Boston Partners raised its position in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research reports. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research report on Tuesday, April 8th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Finally, StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.10 on Friday, hitting $16.28. The company had a trading volume of 3,716,133 shares, compared to its average volume of 20,232,336. The company has a 50-day moving average price of $16.41 and a 200-day moving average price of $19.76. 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 firm has a market cap of $21.39 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company's stock.

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.