Wakefield Asset Management LLLP Takes Position in Hewlett Packard Enterprise Co (HPE)

Wakefield Asset Management LLLP acquired a new position in Hewlett Packard Enterprise Co (NYSE:HPE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,934 shares of the technology company’s stock, valued at approximately $323,000.

A number of other hedge funds also recently made changes to their positions in HPE. Legacy Bridge LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Ipswich Investment Management Co. Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $26,000. Liberty Wealth Management LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $34,000. JNBA Financial Advisors raised its position in Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,600 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Hewlett Packard Enterprise in the first quarter worth about $38,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, February 26th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Credit Suisse Group began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Finally, UBS Group lowered shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their price target for the company from $17.00 to $13.00 in a research report on Tuesday, March 12th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $16.92.

In related news, EVP John F. Schultz sold 780,830 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.32, for a total transaction of $12,743,145.60. Following the completion of the transaction, the executive vice president now owns 400,401 shares of the company’s stock, valued at $6,534,544.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 82,892 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total transaction of $1,367,718.00. Following the transaction, the chief executive officer now directly owns 86,160 shares of the company’s stock, valued at approximately $1,421,640. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,251,562 shares of company stock valued at $37,016,136. 0.56% of the stock is owned by corporate insiders.

NYSE HPE opened at $14.24 on Wednesday. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. The company has a market capitalization of $19.51 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.55.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Research analysts predict that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.45 annualized dividend and a yield of 3.16%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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