abrdn plc Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

abrdn plc boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,048,253 shares of the technology company's stock after buying an additional 566,512 shares during the quarter. abrdn plc owned approximately 0.39% of Hewlett Packard Enterprise worth $85,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in Hewlett Packard Enterprise by 16.0% during the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company's stock valued at $71,000 after buying an additional 584 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock valued at $159,000 after purchasing an additional 666 shares during the period. Montgomery Investment Management Inc. grew its position in shares of Hewlett Packard Enterprise by 2.9% in the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company's stock valued at $424,000 after purchasing an additional 700 shares during the period. IMPACTfolio LLC grew its position in shares of Hewlett Packard Enterprise by 5.3% in the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company's stock valued at $237,000 after purchasing an additional 705 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Hewlett Packard Enterprise by 3.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company's stock valued at $322,000 after purchasing an additional 712 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company lifted 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. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. Finally, Morgan Stanley raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus target price of $17.91.

Hewlett Packard Enterprise Trading Down 1.5 %

HPE stock traded down $0.25 during trading on Friday, reaching $16.79. 12,486,549 shares of the stock were exchanged, compared to its average volume of 12,517,062. 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 50 day moving average price of $16.87 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 $21.83 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 3.11 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $7.09 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. Hewlett Packard Enterprise's quarterly revenue was down 13.5% compared to the same quarter last year. On average, research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 35.86%.

Hewlett Packard Enterprise Company 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.