Sequoia Financial Advisors LLC Purchases New Position in Hewlett Packard Enterprise (NYSE:HPE)

Sequoia Financial Advisors LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,951 shares of the technology company’s stock, valued at approximately $305,000.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Hewlett Packard Enterprise by 15.1% in the 4th quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock valued at $1,240,000 after buying an additional 9,578 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Hewlett Packard Enterprise by 72.8% in the 4th quarter. Bleakley Financial Group LLC now owns 37,335 shares of the technology company’s stock worth $634,000 after purchasing an additional 15,726 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hewlett Packard Enterprise by 26.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 499,247 shares of the technology company’s stock worth $8,477,000 after purchasing an additional 104,030 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Hewlett Packard Enterprise by 10.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 850,581 shares of the technology company’s stock worth $14,484,000 after purchasing an additional 83,205 shares during the last quarter. Finally, Grimes & Company Inc. lifted its holdings in Hewlett Packard Enterprise by 4.3% in the 4th quarter. Grimes & Company Inc. now owns 434,120 shares of the technology company’s stock worth $7,371,000 after purchasing an additional 17,849 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, Barclays cut their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Stock Performance

HPE opened at $17.04 on Friday. The stock has a market cap of $22.15 billion, a PE ratio of 11.75, a P/E/G ratio of 3.17 and a beta of 1.21. 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. The stock’s 50 day simple moving average is $16.84 and its 200-day simple moving average is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business 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%. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed 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 3.05%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.