Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,737 shares of the technology company’s stock after selling 11,496 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $3,290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Hewlett Packard Enterprise by 1.2% in the first quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock valued at $2,549,380,000 after purchasing an additional 1,824,331 shares during the period. State Street Corp grew its stake in Hewlett Packard Enterprise by 2.9% during the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after buying an additional 1,959,250 shares during the period. Geode Capital Management LLC grew its stake in Hewlett Packard Enterprise by 0.9% during the first quarter. Geode Capital Management LLC now owns 27,039,043 shares of the technology company’s stock worth $430,081,000 after buying an additional 238,050 shares during the period. Morgan Stanley grew its stake in Hewlett Packard Enterprise by 4.2% during the third quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock worth $275,819,000 after buying an additional 634,727 shares during the period. Finally, Northern Trust Corp grew its stake in Hewlett Packard Enterprise by 6.6% during the third quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock worth $257,630,000 after buying an additional 913,014 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday. Stifel Nicolaus decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Finally, Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Trading Down 0.6 %

HPE opened at $17.03 on Thursday. The stock has a market capitalization of $22.14 billion, a PE ratio of 11.74, a P/E/G ratio of 3.19 and a beta of 1.21. The firm’s fifty day moving average price is $16.81 and its 200 day moving average price is $16.41. 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 has a 12-month low of $13.65 and a 12-month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly 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. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, research analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.05%. 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.