Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 26.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 499,247 shares of the technology company’s stock after buying an additional 104,030 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $8,477,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Hewlett Packard Enterprise by 16.0% during the 2nd quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock worth $71,000 after buying an additional 584 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 7.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after buying an additional 666 shares during the period. IMPACTfolio LLC boosted its holdings in shares of Hewlett Packard Enterprise by 5.3% during the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock worth $237,000 after buying an additional 705 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hewlett Packard Enterprise by 3.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after buying an additional 712 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 2.8% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 26,078 shares of the technology company’s stock worth $453,000 after buying an additional 713 shares during the period. 80.78% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HPE has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of 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. Stifel Nicolaus reduced their price target 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. Barclays reduced 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 downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.45.
Check Out Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Trading Down 2.9 %
Shares of HPE stock opened at $17.42 on Friday. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 3.33 and a beta of 1.21. 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 has a fifty day moving average of $16.70 and a 200-day moving average of $16.41.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company 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 business’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 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.
See Also
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