Geode Capital Management LLC Has $686.01 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Geode Capital Management LLC increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,173,982 shares of the technology company's stock after acquiring an additional 681,242 shares during the period. Geode Capital Management LLC owned approximately 2.45% of Hewlett Packard Enterprise worth $686,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $292,959,000. Boston Partners boosted its holdings in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after buying an additional 2,058,562 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after buying an additional 135,874 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $119,067,000. 80.78% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays decreased their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company cut their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Morgan Stanley cut shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company. in a report on Tuesday. Susquehanna cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Stock Up 15.9 %

Shares of Hewlett Packard Enterprise stock traded up $1.99 during midday trading on Wednesday, reaching $14.50. 39,482,193 shares of the company's stock traded hands, compared to its average volume of 16,409,211. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company's 50 day simple moving average is $17.80 and its 200 day simple moving average is $20.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.59%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Hewlett Packard Enterprise 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.