Korea Investment CORP Acquires 77,244 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Korea Investment CORP boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,003,921 shares of the technology company's stock after purchasing an additional 77,244 shares during the quarter. Korea Investment CORP owned about 0.08% of Hewlett Packard Enterprise worth $21,434,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $292,959,000. Boston Partners raised its stake in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares in the last quarter. Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $34,778,000. Finally, National Bank of Canada FI lifted its holdings in shares of Hewlett Packard Enterprise by 61.6% during the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company's stock worth $71,706,000 after acquiring an additional 1,335,318 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company's stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased 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. Susquehanna reduced their target price 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. Barclays dropped their price objective 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, March 7th. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company dropped 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. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

Hewlett Packard Enterprise Trading Down 11.8 %

Shares of Hewlett Packard Enterprise stock traded down $1.90 during trading on Thursday, hitting $14.22. 9,676,054 shares of the company were exchanged, compared to its average volume of 16,011,141. The firm has a market capitalization of $18.68 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The firm's fifty day moving average price is $19.07 and its 200 day moving average price is $20.41. 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 has a 1-year low of $14.10 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.66%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 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.