Meyer Handelman Co. decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 2.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 256,494 shares of the technology company’s stock after selling 6,620 shares during the quarter. Meyer Handelman Co.’s holdings in Hewlett Packard Enterprise were worth $3,401,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. DeDora Capital Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $30,000. Delos Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $33,000. First Quadrant LLC CA acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $36,000. First Manhattan Co. raised its stake in Hewlett Packard Enterprise by 89.4% during the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after buying an additional 1,139 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.09% of the company’s stock.
Wall Street Analyst Weigh In
HPE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, August 31st. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday, September 4th. JPMorgan Chase & Co. lowered their target price on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Citigroup lowered their target price on Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating for the company in a report on Thursday, June 2nd. Finally, Credit Suisse Group began coverage on Hewlett Packard Enterprise in a report on Tuesday, August 16th. They issued an “outperform” rating and a $18.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.59.
Hewlett Packard Enterprise Price Performance
HPE traded down $0.41 during trading on Friday, reaching $11.99. The stock had a trading volume of 251,454 shares, compared to its average volume of 12,761,078. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.44. Hewlett Packard Enterprise has a 1-year low of $12.34 and a 1-year high of $17.76. The stock has a 50 day moving average of $13.87 and a two-hundred day moving average of $14.78.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings data on Tuesday, August 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.28 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.00%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.14%.
Hewlett Packard Enterprise 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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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