Linden Thomas Advisory Services LLC Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Linden Thomas Advisory Services LLC boosted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,504 shares of the technology company’s stock after acquiring an additional 4,816 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,774,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Authentikos Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $33,000. Salem Investment Counselors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares during the last quarter. ORG Partners LLC raised its stake in Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HPE shares. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Morgan Stanley lifted their price objective on 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 reduced their price target on 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. Finally, Stifel Nicolaus dropped their price objective 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. Seven 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.com, the company presently has an average rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Trading Up 0.4 %

NYSE:HPE traded up $0.07 on Wednesday, hitting $16.90. 5,096,762 shares of the stock were exchanged, compared to its average volume of 14,957,876. The stock has a market cap of $21.97 billion, a PE ratio of 11.61, a PEG ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $16.92 and a 200-day moving average of $16.40.

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. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 13.5% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. Hewlett Packard Enterprise’s payout ratio is currently 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.