Bailard Inc. Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Bailard Inc. raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,828 shares of the technology company’s stock after buying an additional 4,306 shares during the period. Bailard Inc.’s holdings in Hewlett Packard Enterprise were worth $591,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley raised its stake in shares of Hewlett Packard Enterprise by 4.2% during the third quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock valued at $275,819,000 after acquiring an additional 634,727 shares in the last quarter. Northern Trust Corp raised its stake in shares of Hewlett Packard Enterprise by 6.6% during the third quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock valued at $257,630,000 after acquiring an additional 913,014 shares in the last quarter. Invesco Ltd. raised its stake in shares of Hewlett Packard Enterprise by 6.5% during the third quarter. Invesco Ltd. now owns 14,518,564 shares of the technology company’s stock valued at $252,187,000 after acquiring an additional 880,271 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 10.0% during the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock valued at $250,052,000 after acquiring an additional 1,309,878 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Hewlett Packard Enterprise by 4.8% during the third quarter. California Public Employees Retirement System now owns 7,910,836 shares of the technology company’s stock valued at $137,411,000 after acquiring an additional 359,590 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

HPE has been the subject of several research analyst reports. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Evercore ISI decreased their price target on shares of 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. Barclays decreased their price target on shares of 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. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company boosted their price objective 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $17.17 on Friday. The firm has a 50 day moving average of $17.04 and a 200 day moving average of $16.41. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.18 and a beta of 1.21. 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 has a 52 week low of $13.65 and a 52 week high of $20.07.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is presently 35.86%.

Insider Transactions at Hewlett Packard Enterprise

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

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.