Fisher Asset Management LLC Has $243,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Fisher Asset Management LLC cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,369 shares of the technology company's stock after selling 22,604 shares during the quarter. Fisher Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after buying an additional 440 shares during the last quarter. Lakewood Asset Management LLC increased its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after buying an additional 457 shares during the last quarter. Essex Financial Services Inc. increased its position in Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. increased its position in Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock worth $1,335,000 after buying an additional 475 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock worth $2,769,000 after buying an additional 524 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 report on Thursday, December 19th. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. Finally, Susquehanna decreased their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.21.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded down $2.15 during mid-day trading on Friday, hitting $15.82. The company had a trading volume of 81,923,511 shares, compared to its average volume of 14,855,802. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business's 50-day simple moving average is $21.47 and its 200-day simple moving average is $20.72. Hewlett Packard Enterprise has a 12 month low of $14.93 and a 12 month high of $24.66. The firm has a market cap of $20.77 billion, a P/E ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm 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 $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other news, Director Gary M. Reiner sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 11,577 shares of the firm's 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 sale, the senior vice president now directly owns 48,615 shares of the company's stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 324,395 shares of company stock valued at $7,121,896 over the last quarter. Corporate 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.