Graypoint LLC Purchases 2,071 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Graypoint LLC lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,184 shares of the technology company’s stock after acquiring an additional 2,071 shares during the period. Graypoint LLC’s holdings in Hewlett Packard Enterprise were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. lifted its holdings in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after buying an additional 1,261 shares in the last quarter. First Manhattan Co. lifted its holdings in Hewlett Packard Enterprise by 89.4% during the 1st 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, ORG Partners LLC lifted its holdings in Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after buying an additional 1,378 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 2.9 %

Shares of HPE opened at $17.42 on Monday. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The company 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 stock’s 50-day moving average price is $16.70 and its 200-day moving average price is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS 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 firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s revenue was down 13.5% compared to the same quarter last year. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid 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 payout ratio is 35.86%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays cut 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 research report on Friday, March 1st. Stifel Nicolaus cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Wells Fargo & Company reissued an “equal weight” rating and set a $17.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $17.45.

About Hewlett Packard Enterprise

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.