Captrust Financial Advisors Has $2.47 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Captrust Financial Advisors raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 23.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,824 shares of the technology company’s stock after buying an additional 22,089 shares during the quarter. Captrust Financial Advisors’ holdings in Hewlett Packard Enterprise were worth $2,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock valued at $686,011,000 after buying an additional 681,242 shares during the last quarter. Northern Trust Corp grew its holdings in Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after buying an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $292,959,000. Boston Partners increased its position in shares of Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the period. Finally, Slate Path Capital LP increased its position in shares of Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPE. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.60.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $16.84 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market cap of $22.12 billion, a P/E ratio of 8.86, a P/E/G ratio of 2.03 and a beta of 1.29. The business’s fifty day moving average is $15.54 and its two-hundred day moving average is $19.45. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

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.