Mackenzie Financial Corp Has $26.53 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Mackenzie Financial Corp grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 17.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,562,640 shares of the technology company’s stock after buying an additional 232,150 shares during the quarter. Mackenzie Financial Corp’s holdings in Hewlett Packard Enterprise were worth $26,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $223,000. Vontobel Holding Ltd. lifted its position in shares of Hewlett Packard Enterprise by 1.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,571,440 shares of the technology company’s stock worth $26,683,000 after buying an additional 25,709 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Hewlett Packard Enterprise by 6.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,659,265 shares of the technology company’s stock worth $62,134,000 after buying an additional 205,869 shares during the last quarter. UG Investment Advisers Ltd. lifted its position in shares of Hewlett Packard Enterprise by 2,719.3% in the fourth quarter. UG Investment Advisers Ltd. now owns 800,926 shares of the technology company’s stock worth $13,600,000 after buying an additional 772,517 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $1,318,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HPE. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI cut their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Barclays cut their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Trading Down 0.6 %

Shares of HPE opened at $17.03 on Thursday. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 3.17 and a beta of 1.21. The stock’s 50-day moving average price is $16.81 and its 200 day moving average price is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share 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 company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was down 13.5% compared to the same quarter last year. As a group, research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.