Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 15,844,692 shares of the technology company’s stock after selling 115,704 shares during the quarter. LSV Asset Management’s holdings in Hewlett Packard Enterprise were worth $269,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $33,000. Salem Investment Counselors Inc. boosted its position in shares of Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after acquiring 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 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HPE. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Morgan Stanley boosted their price target on shares of 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. Evercore ISI dropped their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Finally, Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.33 during mid-day trading on Friday, hitting $16.86. The company’s stock had a trading volume of 7,951,632 shares, compared to its average volume of 11,274,905. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. 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 $21.92 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.12 and a beta of 1.20. The firm has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) 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%. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of the business’s 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 sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

About Hewlett Packard Enterprise

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.