Clarius Group LLC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 10.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,665 shares of the technology company’s stock after selling 2,044 shares during the period. Clarius Group LLC’s holdings in Hewlett Packard Enterprise were worth $283,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Cerity Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 141.5% during the fourth quarter. Cerity Partners LLC now owns 92,484 shares of the technology company’s stock valued at $1,571,000 after acquiring an additional 54,182 shares during the last quarter. Seelaus Asset Management LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $250,000. Custom Index Systems LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $299,000. Kendall Capital Management increased its stake in shares of Hewlett Packard Enterprise by 21.6% in the fourth quarter. Kendall Capital Management now owns 143,380 shares of the technology company’s stock valued at $2,435,000 after buying an additional 25,455 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $305,000. Institutional investors and hedge funds own 80.78% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. 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 research report on Friday, March 1st. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Evercore ISI dropped their price objective on 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.45.
Read Our Latest Research Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Shares of Hewlett Packard Enterprise stock opened at $17.42 on Monday. The business has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $16.41. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 3.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) 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. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the prior 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. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
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 $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.
Further Reading
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