Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 91.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,634 shares of the technology company's stock after selling 132,737 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Hewlett Packard Enterprise were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA increased its stake in Hewlett Packard Enterprise by 10.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 793,820 shares of the technology company's stock worth $16,948,000 after purchasing an additional 73,550 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 416,960 shares of the technology company's stock worth $8,902,000 after purchasing an additional 2,475 shares during the last quarter. Providence Capital Advisors LLC increased its stake in Hewlett Packard Enterprise by 0.8% in the 4th quarter. Providence Capital Advisors LLC now owns 305,900 shares of the technology company's stock worth $6,531,000 after buying an additional 2,400 shares during the period. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $119,067,000. Finally, Blair William & Co. IL raised its position in Hewlett Packard Enterprise by 20.2% during the 4th quarter. Blair William & Co. IL now owns 69,097 shares of the technology company's stock valued at $1,475,000 after purchasing an additional 11,593 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Susquehanna dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research note on Tuesday, April 8th. Barclays dropped their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.60.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 4.9 %

Shares of HPE stock traded up $0.70 during trading hours on Tuesday, reaching $14.98. 19,005,251 shares of the company's stock were exchanged, compared to its average volume of 20,005,789. The stock has a market cap of $19.68 billion, a PE ratio of 7.88, a PEG ratio of 2.03 and a beta of 1.20. 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 stock's fifty day moving average price is $17.39 and its two-hundred day moving average price is $20.04. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

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.