First Trust Direct Indexing L.P. Acquires 6,246 Shares of Hewlett Packard Enterprise (NYSE:HPE)

First Trust Direct Indexing L.P. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,322 shares of the technology company’s stock after acquiring an additional 6,246 shares during the period. First Trust Direct Indexing L.P.’s holdings in Hewlett Packard Enterprise were worth $566,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in Hewlett Packard Enterprise by 96.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 4,217 shares of the technology company’s stock valued at $72,000 after buying an additional 2,067 shares in the last quarter. Van ECK Associates Corp boosted its position in Hewlett Packard Enterprise by 7.2% during the fourth quarter. Van ECK Associates Corp now owns 78,789 shares of the technology company’s stock worth $1,338,000 after purchasing an additional 5,297 shares during the period. Capital Investment Counsel Inc grew its holdings in Hewlett Packard Enterprise by 91.4% during the fourth quarter. Capital Investment Counsel Inc now owns 37,269 shares of the technology company’s stock valued at $633,000 after purchasing an additional 17,800 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Hewlett Packard Enterprise by 0.4% in the fourth quarter. Russell Investments Group Ltd. now owns 3,185,999 shares of the technology company’s stock valued at $54,153,000 after purchasing an additional 12,417 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 31.2% in the fourth quarter. Addison Advisors LLC now owns 3,366 shares of the technology company’s stock worth $57,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of research analyst reports. Wells Fargo & Company raised 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 note on Wednesday, April 17th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Stifel Nicolaus lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Morgan Stanley upped their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Sanford C. Bernstein downgraded shares of 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 note on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Trading Up 2.0 %

Shares of Hewlett Packard Enterprise stock opened at $16.86 on Monday. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The firm has a market capitalization of $21.92 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The company’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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 for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued 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 yield of 3.08%. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

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.