ORG Partners LLC Acquires 1,378 Shares of Hewlett Packard Enterprise (NYSE:HPE)

ORG Partners LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 111.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,615 shares of the technology company’s stock after acquiring an additional 1,378 shares during the period. ORG Partners LLC’s holdings in Hewlett Packard Enterprise were worth $44,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 7,285 shares during the period. D.A. Davidson & CO. lifted its stake in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,809 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after purchasing an additional 5,095 shares during the period. Blair William & Co. IL grew its position in shares of Hewlett Packard Enterprise by 9.8% during the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 29,819 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Hewlett Packard Enterprise by 45.8% in the first quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after buying an additional 199,382 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $17.26 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The business’s fifty day moving average is $16.74 and its 200 day moving average is $16.41. The company has a market capitalization of $22.43 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 3.22 and a beta of 1.21. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.01%. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Wall Street Analyst Weigh In

Several analysts have weighed in on HPE shares. Evercore ISI lowered 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. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Barclays reduced their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Finally, Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.73.

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.