Aviva PLC lowered its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,205,170 shares of the technology company's stock after selling 142,231 shares during the quarter. Aviva PLC owned about 0.17% of Hewlett Packard Enterprise worth $47,080,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $292,959,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $119,067,000. Boston Partners raised its position in shares of Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the period. Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $34,778,000. Institutional investors and hedge funds own 80.78% of the company's stock.
Analyst Ratings Changes
HPE has been the topic of several analyst reports. 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. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Wells Fargo & Company lowered their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a report on Tuesday. Finally, Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.60.
Check Out Our Latest Analysis on HPE
Insiders Place Their Bets
In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Stock Up 1.1 %
Shares of NYSE HPE traded up $0.15 during mid-day trading on Friday, hitting $13.89. The company had a trading volume of 7,927,972 shares, compared to its average volume of 19,777,031. 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 firm has a 50-day simple moving average of $17.67 and a two-hundred day simple moving average of $20.12. The company has a market capitalization of $18.25 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared 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 of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.74%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.
About Hewlett Packard Enterprise
(
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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