Huber Capital Management LLC decreased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 500,436 shares of the technology company’s stock after selling 4,500 shares during the period. Huber Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $7,186,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BB&T Securities LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $156,000. Daiwa SB Investments Ltd. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $156,000. Clear Harbor Asset Management LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $158,000. Empirical Financial Services LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $159,000. Finally, KCS Wealth Advisory purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 82.98% of the company’s stock.
HPE has been the topic of several recent research reports. Deutsche Bank upped their price objective on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Wells Fargo & Co initiated coverage on 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. Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Maxim Group upped their target price on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.46.
Shares of Hewlett Packard Enterprise Co (HPE) traded down $0.03 during mid-day trading on Wednesday, hitting $18.85. The company’s stock had a trading volume of 11,582,762 shares, compared to its average volume of 14,350,000. Hewlett Packard Enterprise Co has a one year low of $12.81 and a one year high of $19.48. The stock has a market cap of $29,930.00 and a P/E ratio of 52.36. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. research analysts expect that Hewlett Packard Enterprise Co will post 1.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.59%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 83.33%.
Hewlett Packard Enterprise declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $5.50 billion in shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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Hewlett Packard Enterprise Company Profile
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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