Globeflex Capital L P Has $41.17 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Globeflex Capital L P decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,928,513 shares of the technology company's stock after selling 124,182 shares during the quarter. Hewlett Packard Enterprise accounts for approximately 3.5% of Globeflex Capital L P's investment portfolio, making the stock its largest position. Globeflex Capital L P owned 0.15% of Hewlett Packard Enterprise worth $41,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at about $26,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $45,000. Institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HPE shares. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Morgan Stanley decreased their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Barclays decreased their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research note on Thursday, December 19th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.27.

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Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction dated Monday, January 6th. The shares were 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 of the company's stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.7 %

Shares of HPE stock traded up $0.43 on Wednesday, reaching $16.36. 21,468,551 shares of the company were exchanged, compared to its average volume of 14,941,398. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.03 and a beta of 1.20. The company has a 50-day moving average of $20.57 and a 200-day moving average of $20.55. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

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.