Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the technology company’s stock after selling 11,259 shares during the quarter. Cambridge Trust Co.’s holdings in Hewlett Packard Enterprise were worth $149,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Hewlett Packard Enterprise by 12.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock valued at $581,000 after purchasing an additional 3,686 shares during the last quarter. Raymond James & Associates raised its position in Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after buying an additional 108,971 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Hewlett Packard Enterprise by 0.9% in the 3rd quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock worth $70,272,000 after acquiring an additional 36,793 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after acquiring an additional 232,150 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 70.2% in the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock valued at $61,674,000 after acquiring an additional 1,464,650 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. 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. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Trading Down 1.5 %

Shares of Hewlett Packard Enterprise stock opened at $16.79 on Friday. The business has a 50 day moving average price of $16.87 and a 200 day moving average price of $16.41. The company has a market capitalization of $21.82 billion, a P/E ratio of 11.58, a P/E/G ratio of 3.15 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 has a 1 year low of $13.65 and a 1 year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data 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 business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Hewlett Packard Enterprise Company 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.