Convergence Investment Partners LLC lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,028 shares of the technology company's stock after buying an additional 53,631 shares during the quarter. Hewlett Packard Enterprise comprises about 1.3% of Convergence Investment Partners LLC's holdings, making the stock its 11th largest position. Convergence Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $5,829,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after acquiring an additional 251,076 shares during the period. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock worth $321,149,000 after purchasing an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company's stock worth $196,602,000 after purchasing an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake 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 buying an additional 1,885,559 shares during the period. Institutional investors own 80.78% of the company's stock.
Insider Buying and Selling
In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company's stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.36% of the company's stock.
Analyst Upgrades and Downgrades
HPE has been the subject of several recent analyst reports. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.00.
Read Our Latest Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of HPE traded down $0.58 on Friday, reaching $21.17. 7,810,739 shares of the company's stock traded hands, compared to its average volume of 14,173,455. The stock's 50 day simple moving average is $21.96 and its two-hundred day simple moving average is $20.58. The stock has a market cap of $27.80 billion, a PE ratio of 11.14, a PEG ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise's payout ratio is currently 27.37%.
Hewlett Packard Enterprise Company Profile
(
Free Report)
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.
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