Boston Partners Acquires 2,058,562 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Boston Partners lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,848,336 shares of the technology company's stock after acquiring an additional 2,058,562 shares during the period. Boston Partners owned 0.98% of Hewlett Packard Enterprise worth $276,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HPE. Kathmere Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after purchasing an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 35.1% during 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 last quarter. Nisa Investment Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after purchasing an additional 401,016 shares during the period. Finally, USA Financial Formulas purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth about $617,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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Hewlett Packard Enterprise Trading Down 0.9 %

Shares of HPE stock traded down $0.14 on Friday, hitting $16.09. 47,405,474 shares of the company's stock traded hands, compared to its average volume of 15,109,076. The company's fifty day simple moving average is $20.22 and its 200 day simple moving average is $20.48. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HPE. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Susquehanna cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Bank of America dropped their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.27.

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.