Drive Wealth Management LLC Purchases Shares of 10,241 Hewlett Packard Enterprise (NYSE:HPE)

Drive Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,241 shares of the technology company’s stock, valued at approximately $175,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $33,000. Salem Investment Counselors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,261 shares during the last quarter. First Manhattan Co. increased its holdings in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Pacific Center for Financial Services bought a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $44,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of NYSE:HPE opened at $17.70 on Wednesday. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $20.07. The business has a 50 day simple moving average of $16.29 and a two-hundred day simple moving average of $16.35. The firm has a market capitalization of $23.01 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise will post 1.4 EPS 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. Shareholders of record on Friday, March 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. Evercore ISI reduced their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. Finally, StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.45.

Get Our Latest Analysis on HPE

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

See Also

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

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