O Shaughnessy Asset Management LLC Has $6.55 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

O Shaughnessy Asset Management LLC lessened its stake in Hewlett Packard Enterprise (NYSE:HPE) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,501 shares of the technology company’s stock after selling 41,875 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $6,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Patten & Patten Inc. TN lifted its holdings in Hewlett Packard Enterprise by 26.9% during the 1st quarter. Patten & Patten Inc. TN now owns 20,523 shares of the technology company’s stock valued at $364,000 after purchasing an additional 4,350 shares during the last quarter. Vanguard Group Inc. grew its stake in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Intech Investment Management LLC grew its stake in Hewlett Packard Enterprise by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 1,737,604 shares of the technology company’s stock valued at $30,808,000 after buying an additional 457,993 shares during the last quarter. Midwest Professional Planners LTD. raised its holdings in Hewlett Packard Enterprise by 9.7% in the 1st quarter. Midwest Professional Planners LTD. now owns 51,477 shares of the technology company’s stock valued at $913,000 after acquiring an additional 4,571 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Hewlett Packard Enterprise by 16.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,577,950 shares of the technology company’s stock worth $27,977,000 after acquiring an additional 217,312 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.49 during trading hours on Wednesday, hitting $20.05. 9,469,658 shares of the stock were exchanged, compared to its average volume of 15,728,057. The company’s fifty day simple moving average is $20.08 and its two-hundred day simple moving average is $17.81. The company has a market cap of $26.06 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock valued at $2,850,108 in the last quarter. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Susquehanna increased their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Stifel Nicolaus boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Finally, Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.08.

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.