Ieq Capital LLC Reduces Position in Hewlett Packard Enterprise (NYSE:HPE)

Ieq Capital LLC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,912 shares of the technology company’s stock after selling 4,270 shares during the period. Ieq Capital LLC’s holdings in Hewlett Packard Enterprise were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp boosted its position in Hewlett Packard Enterprise by 13.7% in the third quarter. Fifth Third Bancorp now owns 32,753 shares of the technology company’s stock worth $569,000 after purchasing an additional 3,956 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Hewlett Packard Enterprise by 10.8% in the third quarter. Panagora Asset Management Inc. now owns 475,658 shares of the technology company’s stock worth $8,262,000 after purchasing an additional 46,340 shares during the last quarter. Allworth Financial LP boosted its position in Hewlett Packard Enterprise by 3.3% in the third quarter. Allworth Financial LP now owns 47,421 shares of the technology company’s stock worth $824,000 after purchasing an additional 1,524 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Hewlett Packard Enterprise by 3.0% in the third quarter. Wealthfront Advisers LLC now owns 28,024 shares of the technology company’s stock worth $487,000 after buying an additional 810 shares during the period. Finally, Wakefield Asset Management LLLP bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $377,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 1.9 %

Shares of NYSE HPE opened at $17.98 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The stock has a market capitalization of $23.37 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.22 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $13.79 and a 1-year high of $20.07. The business has a fifty day moving average price of $17.39 and a 200 day moving average price of $16.50.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Barclays lowered their price target on 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 Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Stifel Nicolaus lowered their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Company Profile

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.