Dimensional Fund Advisors LP Acquires 695,038 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Dimensional Fund Advisors LP lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,733,959 shares of the technology company’s stock after purchasing an additional 695,038 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hewlett Packard Enterprise were worth $301,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. boosted its position in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares in the last quarter. ORG Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 111.4% during the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $52,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Barclays lowered 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. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.91.

Get Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Stock Up 1.3 %

Shares of HPE stock traded up $0.23 during mid-day trading on Monday, hitting $17.29. The company’s stock had a trading volume of 4,369,901 shares, compared to its average volume of 14,092,949. Hewlett Packard Enterprise has a 52-week low of $13.79 and a 52-week high of $20.07. The business has a 50-day moving average price of $17.41 and a 200 day moving average price of $16.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 3.16 and a beta of 1.20.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.01%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

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.

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

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