Epoch Investment Partners Inc. Purchases 951,516 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Epoch Investment Partners Inc. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,897,034 shares of the technology company's stock after purchasing an additional 951,516 shares during the period. Epoch Investment Partners Inc. owned about 0.37% of Hewlett Packard Enterprise worth $104,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HPE. Wilmington Savings Fund Society FSB acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $507,000. Tidal Investments LLC increased its holdings in Hewlett Packard Enterprise by 169.0% in the third quarter. Tidal Investments LLC now owns 359,280 shares of the technology company's stock valued at $7,351,000 after buying an additional 225,719 shares during the last quarter. Synovus Financial Corp grew its position in Hewlett Packard Enterprise by 7.9% in the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company's stock valued at $486,000 after buying an additional 1,732 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $1,915,000. Finally, Retirement Systems of Alabama boosted its position in Hewlett Packard Enterprise by 16.0% during the third quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company's stock valued at $100,002,000 after purchasing an additional 673,801 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 5.3 %

HPE stock traded up $0.82 during trading on Thursday, hitting $16.17. 7,079,292 shares of the company's stock were exchanged, compared to its average volume of 16,830,761. 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 has a 52-week low of $11.97 and a 52-week high of $24.66. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 2.03 and a beta of 1.20. The business has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $19.79.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Analyst Ratings Changes

HPE has been the subject of several research reports. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Barclays reduced their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.60.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

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.