Heritage Investors Management Corp decreased its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 10.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 212,178 shares of the technology company’s stock after selling 24,407 shares during the quarter. Heritage Investors Management Corp’s holdings in Hewlett Packard Enterprise were worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in shares of Hewlett Packard Enterprise by 12.3% in the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock worth $443,000 after buying an additional 3,380 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock worth $2,849,000 after buying an additional 3,711 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 10.3% in the third quarter. Pacer Advisors Inc. now owns 42,380 shares of the technology company’s stock worth $623,000 after buying an additional 3,970 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Hewlett Packard Enterprise by 2.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 165,978 shares of the technology company’s stock worth $2,383,000 after buying an additional 4,267 shares during the last quarter. Hedge funds and other institutional investors own 83.05% of the company’s stock.

A number of analysts have recently commented on HPE shares. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Oppenheimer restated a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Gabelli restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Sanford C. Bernstein restated a “buy” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Deutsche Bank upped their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.16.

In other news, EVP Alan Richard May sold 7,607 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total value of $109,692.94. Following the transaction, the executive vice president now owns 100,079 shares in the company, valued at $1,443,139.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Henry Gomez sold 805,214 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the transaction, the executive vice president now owns 363,278 shares in the company, valued at approximately $6,023,149.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,407,123 shares of company stock worth $22,389,810. Company insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Co (NYSE HPE) opened at $15.30 on Monday. The stock has a market capitalization of $24,386.46, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 2.57 and a beta of 2.50. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. equities analysts forecast that Hewlett Packard Enterprise Co will post 1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.96%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 142.86%.

Hewlett Packard Enterprise declared that its board has authorized a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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