Mackenzie Financial Corp Raises Stake in Hewlett Packard Enterprise (NYSE:HPE)

Mackenzie Financial Corp grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,562,640 shares of the technology company's stock after purchasing an additional 232,150 shares during the period. Mackenzie Financial Corp owned about 0.12% of Hewlett Packard Enterprise worth $26,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Beverly Hills Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $223,000. Vontobel Holding Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 1.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,571,440 shares of the technology company's stock valued at $26,683,000 after purchasing an additional 25,709 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Hewlett Packard Enterprise by 6.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,659,265 shares of the technology company's stock valued at $62,134,000 after acquiring an additional 205,869 shares during the period. UG Investment Advisers Ltd. boosted its position in shares of Hewlett Packard Enterprise by 2,719.3% in the fourth quarter. UG Investment Advisers Ltd. now owns 800,926 shares of the technology company's stock valued at $13,600,000 after acquiring an additional 772,517 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $1,318,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPE has been the subject of several recent analyst reports. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a research report on Friday, March 1st. Morgan Stanley upped their price objective on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday. Stifel Nicolaus decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.91.

Hewlett Packard Enterprise Trading Up 0.1 %

Shares of Hewlett Packard Enterprise stock traded up $0.01 on Thursday, reaching $17.04. 12,392,169 shares of the company's stock were exchanged, compared to its average volume of 15,289,373. The company has a market capitalization of $22.15 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 3.17 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The firm's 50-day moving average is $16.81 and its two-hundred day moving average is $16.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio 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.