Contrarius Group Holdings Ltd Invests $4.01 Million in Hewlett Packard Enterprise (NYSE:HPE)

Contrarius Group Holdings Ltd 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 187,750 shares of the technology company's stock, valued at approximately $4,008,000.

A number of other large investors have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $32,000. R Squared Ltd bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. Finally, Quest Partners LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $50,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.46 during midday trading on Monday, hitting $16.51. The company's stock had a trading volume of 24,157,642 shares, compared to its average volume of 15,145,271. The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $20.11 and a 200 day moving average price of $20.49. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

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Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued 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 3.15%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HPE. Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Bank of America dropped their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Loop Capital reduced their target price on shares of 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. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.27.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company 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.