Avantax Planning Partners Inc. Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Avantax Planning Partners Inc. trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,406 shares of the technology company’s stock after selling 709 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Hewlett Packard Enterprise were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HPE. Authentikos Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the period. ORG Partners LLC increased its stake in shares of Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after buying an additional 1,378 shares during the period. Finally, NBC Securities Inc. bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HPE shares. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Evercore ISI reduced their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. Stifel Nicolaus dropped their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Barclays reduced their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Finally, Wells Fargo & Company increased their price target 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.91.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.9 %

Hewlett Packard Enterprise stock traded up $0.17 during mid-day trading on Friday, hitting $18.41. The company had a trading volume of 13,605,491 shares, compared to its average volume of 9,831,082. Hewlett Packard Enterprise has a 12 month low of $13.79 and a 12 month high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $17.43 and its two-hundred day moving average price is $16.61. The company has a market capitalization of $23.93 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the business earned $0.38 EPS. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 35.86%.

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.