Canada Post Corp Registered Pension Plan Invests $468,000 in Hewlett Packard Enterprise (NYSE:HPE)

Canada Post Corp Registered Pension Plan bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,900 shares of the technology company's stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $1,208,000. Mariner LLC raised its position in shares of Hewlett Packard Enterprise by 7.1% during the fourth quarter. Mariner LLC now owns 291,260 shares of the technology company's stock worth $6,218,000 after purchasing an additional 19,364 shares during the period. Sagespring Wealth Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $358,000. Townsquare Capital LLC increased its stake in Hewlett Packard Enterprise by 5.2% during the 4th quarter. Townsquare Capital LLC now owns 20,800 shares of the technology company's stock valued at $444,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Hewlett Packard Enterprise by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 128,064 shares of the technology company's stock valued at $2,731,000 after buying an additional 3,498 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded down $0.47 during midday trading on Monday, hitting $14.68. 3,044,120 shares of the company traded hands, compared to its average volume of 16,736,611. The stock has a 50-day moving average of $16.89 and a 200-day moving average of $19.89. The firm has a market cap of $19.28 billion, a P/E ratio of 7.72, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.54%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HPE. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Loop Capital lowered their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Susquehanna decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average target price of $20.60.

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.