In the fourth quarter, Janney Montgomery Scott LLC reduced its stake in Hewlett Packard Enterprise (HPE) by 11%, selling 16,038 shares and owning 129,355 shares worth $2,196,000. Other hedge funds also adjusted their positions in HPE, with 80.78% of the shares owned by institutional investors. Senior vice president Jeremy Cox sold 18,323 shares of HPE in April. Wall Street analysts have given various ratings for HPE stock, with a consensus price target of $17.91.
HPE stock on the New York Stock Exchange opened at $18.41, with a 50-day moving average of $17.43 and a 200-day moving average of $16.62. The company has a market capitalization of $23.93 billion and a P/E ratio of 12.70. In its last earnings report, HPE exceeded analyst expectations with earnings per share of $0.48 and revenue of $6.76 billion.
Hewlett Packard Enterprise also announced a quarterly dividend and paid shareholders $0.13 per share on April 12th. The company’s dividend yield is 2.82% with a dividend payout ratio of 35.86%. HPE offers solutions for data capture, analysis, and action in various regions around the world.
Overall, HPE’s stock performance and financial outlook remain stable, with analysts providing a range of ratings and price targets for the company.
Article Source
https://www.defenseworld.net/2024/05/26/janney-montgomery-scott-llc-trims-stock-holdings-in-hewlett-packard-enterprise-nysehpe.html