Custom Index Systems LLC Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Custom Index Systems LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,612 shares of the technology company’s stock, valued at approximately $299,000.

Several other large investors also recently modified their holdings of the business. Authentikos Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the third quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Hewlett Packard Enterprise in the third quarter worth about $33,000. Salem Investment Counselors Inc. grew its stake in Hewlett Packard Enterprise by 180.1% in 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 in the last quarter. First Manhattan Co. grew its stake in Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Pacific Center for Financial Services acquired a new position in Hewlett Packard Enterprise in the first quarter worth about $44,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $17.94 on Friday. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 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 firm has a market capitalization of $23.32 billion, a PE ratio of 12.37, a P/E/G ratio of 3.33 and a beta of 1.21. The company’s 50 day simple moving average is $16.66 and its 200 day simple moving average is $16.41.

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 analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.90%. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HPE. Evercore ISI decreased their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Stifel Nicolaus cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $17.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut 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 assigned a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $17.45.

About Hewlett Packard Enterprise

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.