Greenleaf Trust Sells 6,459 Shares of Hewlett Packard Enterprise (NYSE:HPE)

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

Several other institutional investors have also recently bought and sold shares of HPE. CWM LLC raised its position in Hewlett Packard Enterprise by 10.6% in the 3rd quarter. CWM LLC now owns 31,159 shares of the technology company’s stock worth $541,000 after purchasing an additional 2,981 shares during the last quarter. AE Wealth Management LLC raised its position in shares of 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 valued at $853,000 after acquiring an additional 877 shares during the last quarter. Caprock Group LLC raised its position in shares of Hewlett Packard Enterprise by 14.9% during the 3rd quarter. Caprock Group LLC now owns 29,324 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,806 shares during the last quarter. Czech National Bank raised its position in shares of Hewlett Packard Enterprise by 47.1% during the 3rd quarter. Czech National Bank now owns 225,730 shares of the technology company’s stock valued at $3,921,000 after acquiring an additional 72,325 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of 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 valued at $11,114,000 after acquiring an additional 4,966 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.84 on Wednesday. The firm has a market cap of $21.89 billion, a PE ratio of 11.61, a PEG ratio of 3.11 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. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The company has a fifty day moving average price of $16.92 and a 200 day moving average price of $16.40.

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, topping analysts’ consensus estimates of $0.45 by $0.03. The firm 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 revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. Research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal 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 paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio is 35.86%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 research report on Tuesday, January 16th. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company upped their target price on shares of 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. Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.