Wedge Capital Management L L P NC Sells 13,181 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Wedge Capital Management L L P NC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,593 shares of the technology company’s stock after selling 13,181 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Hewlett Packard Enterprise were worth $3,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. CWM LLC lifted its position in Hewlett Packard Enterprise by 10.6% during the 3rd quarter. CWM LLC now owns 31,159 shares of the technology company’s stock worth $541,000 after buying an additional 2,981 shares in the last quarter. AE Wealth Management LLC lifted its position 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 buying an additional 877 shares in the last quarter. Caprock Group LLC lifted its position in Hewlett Packard Enterprise by 14.9% during the 3rd quarter. Caprock Group LLC now owns 29,324 shares of the technology company’s stock worth $513,000 after buying an additional 3,806 shares in the last quarter. Czech National Bank lifted its position in Hewlett Packard Enterprise by 47.1% during the 3rd quarter. Czech National Bank now owns 225,730 shares of the technology company’s stock worth $3,921,000 after buying an additional 72,325 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 639,864 shares of the technology company’s stock worth $11,114,000 after buying an additional 4,966 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $16.93 on Thursday. The company’s 50 day moving average price is $16.96 and its two-hundred day moving average price is $16.40. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The firm has a market cap of $22.01 billion, a PE ratio of 11.68, a PEG ratio of 3.11 and a beta of 1.21. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors 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 annualized dividend and a dividend yield of 3.07%. Hewlett Packard Enterprise’s dividend payout ratio is 35.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Barclays dropped 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, StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $17.91.

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.