Principal Securities Inc. recently acquired 3,384 shares of Hewlett Packard Enterprise in the fourth quarter, as reported in their Form 13F filing with the SEC. The value of this investment was approximately $57,000. Other hedge funds and institutional investors also made changes to their positions in the technology company. For example, Morgan Stanley, Northern Trust Corp, Invesco Ltd., AQR Capital Management LLC, and Charles Schwab Investment Management Inc. all increased their holdings of Hewlett Packard Enterprise shares during the third quarter.
Analyst ratings for HPE have seen some changes recently, with several brokerage firms adjusting their price targets and ratings for the stock. Barclay’s, Stifel Nicolaus, Evercore ISI, StockNews.com, and Wells Fargo & Company all made changes to their recommendations for HPE. Overall, eight equities research analysts have rated the stock as a hold, while three have given it a buy rating. The average rating for HPE on MarketBeat.com is “Hold” with an average price target of $17.91.
In terms of financial performance, Hewlett Packard Enterprise reported earnings results on February 29th, exceeding analysts’ expectations with an EPS of $0.48. The company had a return on equity of 9.12% and a net margin of 6.81%. Revenue for the quarter was $6.76 billion, slightly lower than analyst estimates. Looking ahead, analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.
Hewlett Packard Enterprise also announced a quarterly dividend recently, with shareholders receiving $0.13 per share. This represents an annualized dividend of $0.52 and a dividend yield of 2.82%. The company’s payout ratio is 35.86%. SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise, further details of which can be found on the SEC website.
Hewlett Packard Enterprise operates in six segments: Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others. The company’s stock has a market capitalization of $23.93 billion and a price-to-earnings ratio of 12.70. The stock opened at $18.41 on Friday, with a 1-year low of $13.79 and a 1-year high of $20.07. The company’s 50-day moving average price is $17.43.
In conclusion, Hewlett Packard Enterprise has seen some interesting developments in terms of investor activity, analyst ratings, financial performance, and dividend announcements. The company continues to position itself in the technology sector and provide solutions for customers globally. It will be worth monitoring how these recent changes and announcements impact the stock’s performance in the coming months.
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https://www.defenseworld.net/2024/05/25/principal-securities-inc-purchases-new-stake-in-hewlett-packard-enterprise-nysehpe.html