Xponance Inc. Sells 4,086 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Xponance Inc. decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,246 shares of the technology company’s stock after selling 4,086 shares during the quarter. Xponance Inc.’s holdings in Hewlett Packard Enterprise were worth $2,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HPE. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $33,000. Salem Investment Counselors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares in the last quarter. First Manhattan Co. boosted its holdings 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 valued at $40,000 after purchasing an additional 1,139 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Hewlett Packard Enterprise by 111.4% during the fourth 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 during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $16.79 on Monday. The stock has a 50 day moving average price of $16.87 and a 200 day moving average price of $16.40. The firm has a market capitalization of $21.83 billion, a P/E ratio of 11.58, a P/E/G ratio of 3.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HPE. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI dropped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Barclays reduced 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. Finally, Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $17.91.

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.