Victory Capital Management Inc. Has $29.88 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Victory Capital Management Inc. decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 89.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,759,725 shares of the technology company’s stock after selling 15,145,882 shares during the period. Victory Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $29,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HPE. Whittier Trust Co. of Nevada Inc. increased its position in Hewlett Packard Enterprise by 7.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after purchasing an additional 666 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after buying an additional 693 shares during the last quarter. Montgomery Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.9% during the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after buying an additional 700 shares in the last quarter. IMPACTfolio LLC lifted its stake in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after acquiring an additional 705 shares during the last quarter. Finally, Avantax Planning Partners Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 5.5% during the 3rd quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company’s stock valued at $245,000 after acquiring an additional 730 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HPE. Evercore ISI lowered their target price on 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. Stifel Nicolaus dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Stock Down 1.7 %

Shares of Hewlett Packard Enterprise stock opened at $16.86 on Wednesday. The stock’s 50-day moving average is $17.30 and its 200 day moving average is $16.42. Hewlett Packard Enterprise has a one year low of $13.70 and a one year high of $20.07. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 3.12 and a beta of 1.20. 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 announced its quarterly earnings data 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 during 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 company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 35.86%.

Insider Activity

In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

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.