Nixon Peabody Trust Co. Purchases New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Nixon Peabody Trust Co. purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,750 shares of the technology company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates increased its position in shares of Hewlett Packard Enterprise by 13.2% in the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after acquiring an additional 108,971 shares in the last quarter. Mackenzie Financial Corp grew its position in Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares in the last quarter. Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 0.9% during the 3rd quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock valued at $70,272,000 after purchasing an additional 36,793 shares during the period. Truist Financial Corp boosted its position in shares of Hewlett Packard Enterprise by 1.5% in the fourth quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock worth $1,367,000 after buying an additional 1,190 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Hewlett Packard Enterprise by 70.2% in the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after buying an additional 1,464,650 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

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 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 owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPE. Wells Fargo & Company increased 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. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Morgan Stanley boosted 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 research report on Monday, April 15th. Stifel Nicolaus decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Barclays lowered their price target 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Stock Up 0.9 %

NYSE:HPE traded up $0.17 during trading hours on Friday, reaching $18.41. The company’s stock had a trading volume of 13,605,491 shares, compared to its average volume of 9,831,082. 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 company has a market cap of $23.93 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $13.79 and a one year high of $20.07. The business’s 50-day moving average is $17.43 and its 200-day moving average is $16.62.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data 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 business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Equities research analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

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.