Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,744 shares of the technology company’s stock after selling 872 shares during the quarter. SVB Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $624,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HPE. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.2% in the first quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock valued at $2,549,380,000 after buying an additional 1,824,331 shares in the last quarter. State Street Corp boosted its position in Hewlett Packard Enterprise by 2.9% during the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after purchasing an additional 1,959,250 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 0.9% in the first quarter. Geode Capital Management LLC now owns 27,039,043 shares of the technology company’s stock valued at $430,081,000 after purchasing an additional 238,050 shares during the last quarter. Morgan Stanley increased its position in shares of Hewlett Packard Enterprise by 4.2% in the third quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock valued at $275,819,000 after buying an additional 634,727 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Hewlett Packard Enterprise by 6.6% during the 3rd quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock worth $257,630,000 after buying an additional 913,014 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HPE shares. Evercore ISI cut 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 research report on Friday, March 1st. Stifel Nicolaus dropped their price target on 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 decreased their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Finally, Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $16.79 on Friday. 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 market capitalization of $21.83 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The company has a 50 day moving average price of $16.87 and a 200 day moving average price of $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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 business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.