Hewlett Packard Enterprise Company $HPE Stock Position Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,213,770 shares of the technology company’s stock after selling 49,247 shares during the period. Dimensional Fund Advisors LP owned 1.38% of Hewlett Packard Enterprise worth $447,256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its position in shares of Hewlett Packard Enterprise by 743.7% in the second quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock worth $3,149,000 after purchasing an additional 135,725 shares in the last quarter. Caxton Associates LLP increased its stake in Hewlett Packard Enterprise by 106.8% in the 2nd quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock valued at $3,661,000 after buying an additional 92,438 shares during the period. Swiss National Bank lifted its position in Hewlett Packard Enterprise by 7.2% in the 2nd quarter. Swiss National Bank now owns 3,976,300 shares of the technology company’s stock worth $81,315,000 after buying an additional 266,600 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 118.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock valued at $3,567,000 after buying an additional 78,859 shares during the period. Finally, National Pension Service increased its stake in shares of Hewlett Packard Enterprise by 9.7% in the third quarter. National Pension Service now owns 3,787,479 shares of the technology company’s stock worth $93,020,000 after acquiring an additional 334,424 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HPE shares. Citigroup lowered their target price on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target for the company. Morgan Stanley dropped their price objective on Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Argus raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $25.29.

Hewlett Packard Enterprise Trading Down 0.3%

Shares of HPE stock opened at $21.57 on Thursday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a market cap of $28.66 billion, a PE ratio of -359.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $22.29 and its two-hundred day moving average is $23.08.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. Hewlett Packard Enterprise’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 35,958 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $24.66, for a total transaction of $886,724.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fidelma Russo sold 126,512 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $24.61, for a total value of $3,113,460.32. Following the completion of the transaction, the executive vice president owned 51,002 shares in the company, valued at $1,255,159.22. The trade was a 71.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 585,537 shares of company stock worth $14,255,864. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.