Allspring Global Investments Holdings LLC Decreases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Allspring Global Investments Holdings LLC lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 71.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,785 shares of the technology company’s stock after selling 291,741 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hewlett Packard Enterprise were worth $1,983,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake 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 valued at $1,249,000 after purchasing an additional 7,285 shares during the period. D.A. Davidson & CO. grew its position in Hewlett Packard Enterprise by 12.6% during the first quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after buying an additional 1,809 shares during the period. Raymond James Trust N.A. increased its holdings in Hewlett Packard Enterprise by 46.4% during the first quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after buying an additional 5,095 shares during the last quarter. Blair William & Co. IL raised its position in Hewlett Packard Enterprise by 9.8% in the first quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock worth $5,557,000 after acquiring an additional 29,819 shares during the period. Finally, Aviva PLC grew its position in shares of Hewlett Packard Enterprise by 45.8% during the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after acquiring an additional 199,382 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Barclays cut their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note 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 note on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, Wells Fargo & Company lifted 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 research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Trading Down 1.5 %

Shares of Hewlett Packard Enterprise stock opened at $16.79 on Monday. The company’s 50-day moving average price is $16.87 and its 200-day moving average price is $16.40. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 11.58, a PEG 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. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 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.