Smith Graham & Co. Investment Advisors LP Reduces Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Smith Graham & Co. Investment Advisors LP lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,056 shares of the technology company’s stock after selling 25,994 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Hewlett Packard Enterprise were worth $4,314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aspire Private Capital LLC lifted its holdings in shares of Hewlett Packard Enterprise by 169.2% in the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after buying an additional 765 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $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 buying an additional 1,261 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after buying an additional 1,139 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.9 %

Shares of NYSE:HPE opened at $17.42 on Friday. The business’s 50-day moving average is $16.70 and its 200 day moving average is $16.41. 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 $22.65 billion, a P/E ratio of 12.01, a P/E/G ratio of 3.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.09 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm’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 fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. Barclays decreased their price objective on 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. Evercore ISI decreased their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.45.

Get Our Latest Stock Analysis on Hewlett Packard Enterprise

About Hewlett Packard Enterprise

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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