Drive Wealth Management LLC Takes $175,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Drive Wealth Management LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,241 shares of the technology company’s stock, valued at approximately $175,000.

Other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP lifted its position in shares of Hewlett Packard Enterprise by 1,591.9% during the 2nd quarter. Marshall Wace LLP now owns 4,939,064 shares of the technology company’s stock worth $82,976,000 after buying an additional 4,647,141 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Hewlett Packard Enterprise by 302.9% during the 1st quarter. Two Sigma Advisers LP now owns 4,865,700 shares of the technology company’s stock worth $77,511,000 after buying an additional 3,658,100 shares during the last quarter. Hawk Ridge Capital Management LP lifted its position in shares of Hewlett Packard Enterprise by 152.4% during the 2nd quarter. Hawk Ridge Capital Management LP now owns 5,979,631 shares of the technology company’s stock worth $100,458,000 after buying an additional 3,610,364 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Hewlett Packard Enterprise by 47.8% during the 1st quarter. Deutsche Bank AG now owns 9,574,800 shares of the technology company’s stock worth $152,527,000 after buying an additional 3,097,741 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Hewlett Packard Enterprise by 193.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,273,700 shares of the technology company’s stock worth $68,080,000 after buying an additional 2,816,100 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Evercore ISI dropped their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company restated an “equal weight” rating and set a $17.00 price objective (down from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus dropped their target price on 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $17.45.

View Our Latest Report on HPE

Hewlett Packard Enterprise Trading Down 1.3 %

Shares of HPE stock opened at $17.70 on Wednesday. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 3.32 and a beta of 1.21. The stock has a 50-day moving average of $16.29 and a 200-day moving average of $16.35. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly 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 return on equity of 9.12% and a net margin of 6.81%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was down 13.5% on a year-over-year basis. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.94%. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Hewlett Packard Enterprise Profile

(Free Report)

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.

See Also

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

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