Herold Advisors Inc. Lowers Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Herold Advisors Inc. trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 5.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,904 shares of the technology company’s stock after selling 700 shares during the period. Herold Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Hewlett Packard Enterprise by 4.2% in the third quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock worth $275,819,000 after buying an additional 634,727 shares in the last quarter. Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 6.6% in the third quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock valued at $257,630,000 after purchasing an additional 913,014 shares in the last quarter. Invesco Ltd. raised its stake in Hewlett Packard Enterprise by 6.5% in the third quarter. Invesco Ltd. now owns 14,518,564 shares of the technology company’s stock valued at $252,187,000 after purchasing an additional 880,271 shares in the last quarter. AQR Capital Management LLC raised its stake in Hewlett Packard Enterprise by 10.0% in the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock valued at $250,052,000 after purchasing an additional 1,309,878 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Hewlett Packard Enterprise by 4.8% in the third quarter. California Public Employees Retirement System now owns 7,910,836 shares of the technology company’s stock valued at $137,411,000 after purchasing an additional 359,590 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPE. Evercore ISI lowered 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. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.91.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now 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 accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.2 %

Shares of Hewlett Packard Enterprise stock traded up $0.20 on Friday, hitting $17.17. The stock had a trading volume of 9,189,320 shares, compared to its average volume of 14,879,468. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The stock has a market cap of $22.32 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 3.13 and a beta of 1.21. The stock’s 50-day simple moving average is $17.04 and its two-hundred day simple moving average is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results 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 firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue was down 13.5% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is 35.86%.

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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.