Cozad Asset Management Inc. Sells 3,115 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Cozad Asset Management Inc. lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,451 shares of the technology company’s stock after selling 3,115 shares during the quarter. Cozad Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of Nova Scotia increased its stake in Hewlett Packard Enterprise by 276.8% in the third quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock valued at $39,987,000 after acquiring an additional 1,691,083 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 70.2% in the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after purchasing an additional 1,464,650 shares in the last quarter. DNB Asset Management AS increased its position in shares of Hewlett Packard Enterprise by 261.6% during the 4th quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock valued at $34,222,000 after purchasing an additional 1,458,034 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Hewlett Packard Enterprise by 72.1% during the 3rd quarter. Royal Bank of Canada now owns 3,449,034 shares of the technology company’s stock valued at $59,910,000 after buying an additional 1,445,045 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Hewlett Packard Enterprise by 10.0% in the 3rd quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock worth $250,052,000 after buying an additional 1,309,878 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.0 %

HPE stock opened at $17.00 on Wednesday. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The business’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $16.41. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two 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 for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, analysts forecast 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. Investors of record on Friday, March 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Analyst Ratings Changes

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

Insiders Place Their Bets

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 completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.