Aster Capital Management DIFC Ltd Purchases New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Aster Capital Management DIFC Ltd purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,490 shares of the technology company's stock, valued at approximately $1,462,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Raymond James Financial Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $292,959,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $119,067,000. Boston Partners grew its stake in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Nordea Investment Management AB increased its holdings in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. Finally, OFI Invest Asset Management bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $34,778,000. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Loop Capital decreased their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Susquehanna dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company lowered their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Stock Up 1.1 %

HPE stock traded up $0.15 during midday trading on Friday, reaching $13.89. 9,506,034 shares of the company's stock traded hands, compared to its average volume of 16,410,013. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 7.27, a P/E/G ratio of 2.03 and a beta of 1.20. The firm's fifty day moving average price is $17.67 and its 200-day moving average price is $20.12. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.74%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.

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.