Bryn Mawr Capital Management LLC Has $2.43 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Bryn Mawr Capital Management LLC cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 143,346 shares of the technology company’s stock after selling 1,500 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,434,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HPE. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Hewlett Packard Enterprise by 12.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock worth $581,000 after purchasing an additional 3,686 shares during the period. Raymond James & Associates raised its holdings in Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after buying an additional 108,971 shares during the period. Mackenzie Financial Corp lifted its stake in Hewlett Packard Enterprise by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after buying an additional 232,150 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Hewlett Packard Enterprise by 0.9% in the third quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock valued at $70,272,000 after buying an additional 36,793 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of Hewlett Packard Enterprise by 70.2% during the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after acquiring an additional 1,464,650 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Evercore ISI cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.91.

Insider Activity

In other news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.20 on Friday, hitting $17.17. The company’s stock had a trading volume of 9,189,320 shares, compared to its average volume of 14,879,468. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $17.04 and a two-hundred day moving average of $16.41. The firm has a market capitalization of $22.32 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 3.13 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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 firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 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.