Greenleaf Trust Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Greenleaf Trust cut its stake in Hewlett Packard Enterprise (NYSE:HPE) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,896 shares of the technology company’s stock after selling 6,459 shares during the quarter. Greenleaf Trust’s holdings in Hewlett Packard Enterprise were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HPE. Bank of Nova Scotia increased its position in shares of Hewlett Packard Enterprise by 276.8% during the third quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock worth $39,987,000 after acquiring an additional 1,691,083 shares during the last quarter. Citigroup Inc. increased its position in shares of Hewlett Packard Enterprise by 70.2% during the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after acquiring an additional 1,464,650 shares during the last quarter. DNB Asset Management AS increased its position in shares of Hewlett Packard Enterprise by 261.6% during the fourth quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock worth $34,222,000 after acquiring an additional 1,458,034 shares during the last quarter. Royal Bank of Canada grew its stake in Hewlett Packard Enterprise by 72.1% in the third quarter. Royal Bank of Canada now owns 3,449,034 shares of the technology company’s stock worth $59,910,000 after purchasing an additional 1,445,045 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Hewlett Packard Enterprise by 10.0% in the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock worth $250,052,000 after purchasing an additional 1,309,878 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $16.84 on Wednesday. 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 stock has a 50 day simple moving average of $16.92 and a 200-day simple moving average of $16.40. The company has a market cap of $21.89 billion, a PE ratio of 11.61, a P/E/G ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Analyst Ratings Changes

A number of research firms recently commented on HPE. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Evercore ISI decreased their price target on 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. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Seven research 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, the company presently has a consensus 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.