Signaturefd LLC Decreases Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Signaturefd LLC cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,162 shares of the technology company’s stock after selling 6,564 shares during the quarter. Signaturefd LLC’s holdings in Hewlett Packard Enterprise were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $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. boosted its position in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares in the last quarter. ORG Partners LLC boosted its position in Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $52,000. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research reports. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Morgan Stanley lifted 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. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Evercore ISI lowered their target price 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. Finally, Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their target price 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 issued a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $16.97 on Friday. The firm has a market cap of $22.06 billion, a PE ratio of 11.70, a P/E/G ratio of 3.13 and a beta of 1.21. 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 firm has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $16.41. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $6.76 billion during 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%. The company’s quarterly revenue 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, equities analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Insider Activity

In other news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.