Dimensional Fund Advisors LP Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Dimensional Fund Advisors LP lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,871,236 shares of the technology company’s stock after acquiring an additional 822,722 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hewlett Packard Enterprise were worth $399,507,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. raised its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares during the last quarter. Rise Advisors LLC raised its holdings in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the last quarter. ORG Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares during the period. Finally, American National Bank grew its stake in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $17.23 on Tuesday. The company’s fifty day moving average price is $18.91 and its 200 day moving average price is $18.59. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $22.39 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.02%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPE. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Bank of America dropped their price target on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $20.83.

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.