Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,428 shares of the technology company’s stock after purchasing an additional 1,298 shares during the quarter. Lyell Wealth Management LP’s holdings in Hewlett Packard Enterprise were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Authentikos Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Hewlett Packard Enterprise during the third quarter worth approximately $33,000. Salem Investment Counselors Inc. raised its stake in 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 purchasing an additional 1,261 shares during the period. ORG Partners LLC raised its stake in Hewlett Packard Enterprise by 111.4% during the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,378 shares during the period. Finally, NBC Securities Inc. purchased a new position in Hewlett Packard Enterprise during the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.05 during midday trading on Thursday, hitting $16.98. The company’s stock had a trading volume of 5,945,035 shares, compared to its average volume of 14,906,116. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The firm’s fifty day moving average price is $16.96 and its 200-day moving average price is $16.40. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The firm has a market cap of $22.07 billion, a P/E ratio of 11.68, a P/E/G ratio of 3.11 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last issued its 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 during the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HPE shares. Evercore ISI cut their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company raised their price target 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. Barclays lowered their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.