Sequoia Financial Advisors LLC Buys New Position in Hewlett Packard Enterprise (NYSE:HPE)

Sequoia Financial Advisors LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,951 shares of the technology company’s stock, valued at approximately $305,000.

Other institutional investors have also recently made changes to their positions in the company. Aspire Private Capital LLC increased its position in shares of Hewlett Packard Enterprise by 169.2% during the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after purchasing an additional 765 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $33,000. Salem Investment Counselors Inc. increased its position in shares of 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 worth $33,000 after purchasing an additional 1,261 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent analyst reports. Evercore ISI lowered their price target on 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. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Stifel Nicolaus decreased 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. Finally, Barclays decreased their target price on 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Stock Performance

HPE opened at $17.04 on Friday. The business has a fifty day simple moving average of $16.84 and a 200 day simple moving average of $16.41. The company has a market capitalization of $22.15 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 3.17 and a beta of 1.21. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $20.07. 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 (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Research analysts expect 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 given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.05%. Hewlett Packard Enterprise’s payout ratio is 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.