Raymond James Trust N.A. Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Raymond James Trust N.A. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,070 shares of the technology company’s stock after purchasing an additional 1,107 shares during the quarter. Raymond James Trust N.A.’s holdings in Hewlett Packard Enterprise were worth $205,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Aspire Private Capital LLC grew its position in shares of Hewlett Packard Enterprise by 169.2% in the fourth quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock valued at $19,423,320,000 after purchasing an additional 765 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $33,000. First Manhattan Co. boosted its position in Hewlett Packard Enterprise by 89.4% during the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Pacific Center for Financial Services acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $44,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Down 0.1 %

NYSE HPE opened at $17.67 on Thursday. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The company has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $16.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The firm has a market capitalization of $22.97 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 3.22 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the previous year, the firm earned $0.38 EPS. Hewlett Packard Enterprise’s revenue was down 13.5% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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 issued a $0.13 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.94%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Stifel Nicolaus decreased their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, November 29th. Finally, Barclays decreased their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $17.45.

About Hewlett Packard Enterprise

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.