Forum Financial Management LP Has $359,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Forum Financial Management LP raised its position in Hewlett Packard Enterprise (NYSE:HPEFree Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,114 shares of the technology company’s stock after purchasing an additional 1,533 shares during the quarter. Forum Financial Management LP’s holdings in Hewlett Packard Enterprise were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. AlphaStar Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 29.4% in the fourth quarter. AlphaStar Capital Management LLC now owns 55,860 shares of the technology company’s stock valued at $949,000 after acquiring an additional 12,694 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hewlett Packard Enterprise by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after acquiring an additional 695,038 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $1,472,000. AGF Management Ltd. increased its position in shares of Hewlett Packard Enterprise by 41.3% in the fourth quarter. AGF Management Ltd. now owns 45,452 shares of the technology company’s stock valued at $772,000 after acquiring an additional 13,287 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Hewlett Packard Enterprise by 61.5% in the fourth quarter. Teacher Retirement System of Texas now owns 349,844 shares of the technology company’s stock valued at $5,940,000 after acquiring an additional 133,203 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Barclays reduced their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Stifel Nicolaus reduced their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $17.91.

View Our Latest Stock Report on HPE

Hewlett Packard Enterprise Trading Up 1.9 %

Shares of HPE stock opened at $17.38 on Tuesday. 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 stock has a market cap of $22.59 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 3.16 and a beta of 1.20. The stock has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $16.46. Hewlett Packard Enterprise has a 1 year low of $13.79 and a 1 year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly 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. The business 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 firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.99%. Hewlett Packard Enterprise’s dividend payout ratio is currently 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 that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

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.

See Also

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

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