RHS Financial LLC Invests $254,000 in Hewlett Packard Enterprise (NYSE:HPE)

RHS Financial LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, Holdings Channel.com reports. The fund acquired 14,987 shares of the technology company’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently made changes to their positions in HPE. Tokio Marine Asset Management Co. Ltd. lifted its position in Hewlett Packard Enterprise by 12.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock worth $581,000 after acquiring an additional 3,686 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 21.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,210,511 shares of the technology company’s stock valued at $37,137,000 after buying an additional 394,870 shares during the period. Nordea Investment Management AB grew its holdings in Hewlett Packard Enterprise by 0.9% during the third 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. Citigroup Inc. raised its position in Hewlett Packard Enterprise by 70.2% during 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. Finally, Morgan Stanley boosted its position in Hewlett Packard Enterprise by 4.2% in the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock worth $275,819,000 after purchasing an additional 634,727 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Wells Fargo & Company restated an “equal weight” rating and issued a $17.00 price objective (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Morgan Stanley upped their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 29th. Finally, Stifel Nicolaus reduced their target price on 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $17.45.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.02 during mid-day trading on Wednesday, hitting $17.67. The stock had a trading volume of 9,673,153 shares, compared to its average volume of 15,763,671. The firm’s 50 day moving average is $16.08 and its 200 day moving average is $16.33. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 3.22 and a beta of 1.19.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, March 14th. 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.