Skopos Labs Inc. Invests $315,000 in Hewlett Packard Enterprise (NYSE:HPE)

Skopos Labs Inc. bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,556 shares of the technology company’s stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its position in Hewlett Packard Enterprise by 7.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after purchasing an additional 666 shares during the period. Verdence Capital Advisors LLC lifted its position in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after purchasing an additional 693 shares during the period. Montgomery Investment Management Inc. lifted its position in Hewlett Packard Enterprise by 2.9% during the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares during the period. IMPACTfolio LLC lifted its position in Hewlett Packard Enterprise by 5.3% during the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares during the period. Finally, Avantax Planning Partners Inc. lifted its position in Hewlett Packard Enterprise by 5.5% during the third quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company’s stock valued at $245,000 after purchasing an additional 730 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.17 on Friday, reaching $18.41. 13,605,491 shares of the company’s stock were exchanged, compared to its average volume of 9,831,082. The stock has a market cap of $23.93 billion, a PE ratio of 12.70, a P/E/G ratio of 3.38 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $13.79 and a twelve month high of $20.07. The stock’s fifty day moving average price is $17.43 and its 200-day moving average price is $16.61. 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:HPE) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. Hewlett Packard Enterprise’s payout ratio is presently 35.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HPE shares. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a report on Friday, March 1st. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Barclays cut 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.91.

Insider Buying and Selling

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 shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.