Linden Thomas Advisory Services LLC Purchases 4,816 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Linden Thomas Advisory Services LLC grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,504 shares of the technology company’s stock after buying an additional 4,816 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in Hewlett Packard Enterprise by 10.6% in the 3rd quarter. CWM LLC now owns 31,159 shares of the technology company’s stock worth $541,000 after purchasing an additional 2,981 shares during the last quarter. AE Wealth Management LLC raised its holdings in Hewlett Packard Enterprise by 1.8% during the 3rd quarter. AE Wealth Management LLC now owns 49,109 shares of the technology company’s stock worth $853,000 after purchasing an additional 877 shares during the last quarter. Caprock Group LLC raised its position in shares of Hewlett Packard Enterprise by 14.9% during the 3rd quarter. Caprock Group LLC now owns 29,324 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,806 shares during the last quarter. Czech National Bank lifted its stake in shares of Hewlett Packard Enterprise by 47.1% in the 3rd quarter. Czech National Bank now owns 225,730 shares of the technology company’s stock valued at $3,921,000 after purchasing an additional 72,325 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 639,864 shares of the technology company’s stock worth $11,114,000 after purchasing an additional 4,966 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HPE shares. Stifel Nicolaus reduced 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. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Evercore ISI decreased 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 report on Friday, March 1st. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Stock Up 0.4 %

Shares of Hewlett Packard Enterprise stock traded up $0.07 during trading hours on Wednesday, reaching $16.90. 5,096,762 shares of the company’s stock were exchanged, compared to its average volume of 14,957,876. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $16.92 and a two-hundred day moving average of $16.40. The stock has a market cap of $21.97 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share 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 analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.