True Link Financial Advisors LLC Invests $228,000 in Hewlett Packard Enterprise (NYSE:HPE)

True Link Financial Advisors LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPEFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,421 shares of the technology company’s stock, valued at approximately $228,000.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in Hewlett Packard Enterprise by 1,591.9% during the second quarter. Marshall Wace LLP now owns 4,939,064 shares of the technology company’s stock worth $82,976,000 after purchasing an additional 4,647,141 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.1% in the 2nd quarter. BlackRock Inc. now owns 135,598,978 shares of the technology company’s stock valued at $2,278,063,000 after buying an additional 4,124,642 shares during the period. Two Sigma Advisers LP grew its holdings in Hewlett Packard Enterprise by 302.9% during the first quarter. Two Sigma Advisers LP now owns 4,865,700 shares of the technology company’s stock worth $77,511,000 after acquiring an additional 3,658,100 shares during the period. Hawk Ridge Capital Management LP boosted its position in shares of Hewlett Packard Enterprise by 152.4% during the 2nd quarter. Hawk Ridge Capital Management LP now owns 5,979,631 shares of the technology company’s stock worth $100,458,000 after purchasing an additional 3,610,364 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Hewlett Packard Enterprise by 47.8% in the 1st quarter. Deutsche Bank AG now owns 9,574,800 shares of the technology company’s stock valued at $152,527,000 after purchasing an additional 3,097,741 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPE has been the topic of several recent analyst reports. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Stifel Nicolaus lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $17.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research note on Friday, March 1st. Evercore ISI dropped their target price 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. Finally, Barclays reduced their price target 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.45.

Check Out Our Latest Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $17.73 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The firm’s 50 day moving average is $16.24 and its two-hundred day moving average is $16.35. The company has a market cap of $23.05 billion, a P/E ratio of 12.23, a P/E/G ratio of 3.28 and a beta of 1.21. 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 (NYSE:HPEGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.38 earnings per share. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Hewlett Packard Enterprise Profile

(Free Report)

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

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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