Clifford Swan Investment Counsel LLC Cuts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Clifford Swan Investment Counsel LLC reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 962,493 shares of the technology company’s stock after selling 18,154 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Hewlett Packard Enterprise were worth $16,343,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $33,000. Salem Investment Counselors Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,261 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 111.4% during the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $52,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.33 during trading on Friday, hitting $16.86. The company had a trading volume of 7,951,632 shares, compared to its average volume of 11,274,905. The company has a market cap of $21.92 billion, a P/E ratio of 11.63, a PEG ratio of 3.12 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The business’s 50-day moving average is $17.22 and its 200 day moving average is $16.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results 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 company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Stifel Nicolaus decreased 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. Barclays decreased their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.91.

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.