Savant Capital LLC Decreases Position in Hewlett Packard Enterprise (NYSE:HPE)

Savant Capital LLC reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,165 shares of the technology company’s stock after selling 3,368 shares during the period. Savant Capital LLC’s holdings in Hewlett Packard Enterprise were worth $427,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Authentikos Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 180.1% in the fourth 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 during the period. ORG Partners LLC grew its position in shares of Hewlett Packard Enterprise by 111.4% during the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $52,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HPE shares. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Evercore ISI cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Stifel Nicolaus cut their price objective 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. Finally, Barclays lowered their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Trading Up 2.0 %

Shares of HPE stock opened at $16.86 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The firm’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $16.40. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.20. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

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 the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors 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 dividend yield of 3.08%. Hewlett Packard Enterprise’s payout ratio is currently 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.