Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,119 shares of the technology company’s stock after selling 1,263 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Hewlett Packard Enterprise were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPE. Cambridge Investment Research Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after buying an additional 7,285 shares during the period. D.A. Davidson & CO. increased its holdings in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock worth $270,000 after buying an additional 1,809 shares during the period. Raymond James Trust N.A. boosted its position in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after purchasing an additional 5,095 shares in the last quarter. Blair William & Co. IL boosted its position in Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 29,819 shares in the last quarter. Finally, Aviva PLC boosted its position in Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after purchasing an additional 199,382 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $17.26 on Tuesday. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The company has a market cap of $22.43 billion, a PE ratio of 11.90, a P/E/G ratio of 3.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The business has a 50-day simple moving average of $16.74 and a 200-day simple moving average of $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm 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 firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.86%.

Analyst Upgrades and Downgrades

Several research firms have commented on HPE. Stifel Nicolaus lowered their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $17.00 price objective (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Finally, Barclays decreased their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $17.73.

Hewlett Packard Enterprise 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.