Lingohr & Partner Asset Management GmbH Has $1.18 Million Stake in Hewlett Packard Enterprise Co (HPE)

Lingohr & Partner Asset Management GmbH grew its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,826 shares of the technology company’s stock after buying an additional 12,124 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Hewlett Packard Enterprise were worth $1,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFG Advisors LP increased its position in shares of Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares during the period. Archford Capital Strategies LLC increased its position in shares of Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the period. Harfst & Associates Inc. increased its position in shares of Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,287 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Hewlett Packard Enterprise by 13.2% in the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after purchasing an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Shares of Hewlett Packard Enterprise Co (HPE) traded down $0.10 during mid-day trading on Friday, reaching $15.97. The company had a trading volume of 9,774,600 shares, compared to its average volume of 10,774,158. Hewlett Packard Enterprise Co has a 12 month low of $12.81 and a 12 month high of $24.88. The stock has a market capitalization of $25,450.00 and a price-to-earnings ratio of 63.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $7.66 billion during 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. research analysts predict that Hewlett Packard Enterprise Co will post 1.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.88%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.

Hewlett Packard Enterprise declared that its board has initiated a share repurchase program on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

HPE has been the topic of several research analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Citigroup cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $14.80 to $16.00 in a research report on Friday, October 13th. Finally, Wells Fargo & Co initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.04.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 87,324 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the completion of the transaction, the senior vice president now owns 24,846 shares in the company, valued at $333,681.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alan Richard May sold 50,158 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $15.50, for a total value of $777,449.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 793,488 shares of company stock valued at $11,281,745. 0.87% of the stock is owned by corporate insiders.

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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).

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

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