Hewlett Packard Enterprise (NYSE:HPE) Stake Reduced by LSV Asset Management

LSV Asset Management cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,844,692 shares of the technology company's stock after selling 115,704 shares during the period. LSV Asset Management owned approximately 1.22% of Hewlett Packard Enterprise worth $269,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Xponance Inc. lifted its holdings in Hewlett Packard Enterprise by 1.3% in the third quarter. Xponance Inc. now owns 179,332 shares of the technology company's stock valued at $3,115,000 after acquiring an additional 2,223 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Hewlett Packard Enterprise by 61.1% in the 3rd quarter. Raymond James & Associates now owns 823,950 shares of the technology company's stock valued at $14,312,000 after purchasing an additional 312,442 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 636,802 shares of the technology company's stock worth $11,061,000 after purchasing an additional 16,121 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $285,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $191,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 2.0 %

Hewlett Packard Enterprise stock traded up $0.33 during trading on Friday, reaching $16.86. The stock had a trading volume of 7,951,632 shares, compared to its average volume of 11,274,905. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The business has a 50 day moving average price of $17.22 and a 200 day moving average price of $16.40. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $21.92 billion, a PE ratio of 11.63, a P/E/G ratio of 3.12 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating 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 firm earned $0.38 earnings per share. Hewlett Packard Enterprise's quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 35.86%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares of the company's stock, valued at $263,575.36. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on HPE. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein downgraded 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 report on Tuesday, January 16th. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Saturday, April 27th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.91.

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.