Nisa Investment Advisors LLC Sells 61,270 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Nisa Investment Advisors LLC cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 514,195 shares of the technology company's stock after selling 61,270 shares during the period. Nisa Investment Advisors LLC's holdings in Hewlett Packard Enterprise were worth $8,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $33,000. Salem Investment Counselors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock worth $33,000 after purchasing an additional 1,261 shares during the last quarter. First Manhattan Co. boosted its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,139 shares during the period. Finally, Pacific Center for Financial Services bought a new position in Hewlett Packard Enterprise during the 1st quarter worth $44,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays cut their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Evercore ISI cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a report on Friday, March 1st. StockNews.com raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.45.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.02 during mid-day trading on Wednesday, reaching $18.00. 16,212,966 shares of the stock were exchanged, compared to its average volume of 15,496,984. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $16.61 and a 200 day moving average price of $16.40. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The firm has a market capitalization of $23.40 billion, a PE ratio of 12.41, a PEG ratio of 3.36 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $7.09 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business's revenue was down 13.5% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.89%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 35.86%.

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.