Victory Capital Management Inc. Buys 324,042 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Victory Capital Management Inc. lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,275,903 shares of the technology company's stock after purchasing an additional 324,042 shares during the quarter. Victory Capital Management Inc. owned about 0.17% of Hewlett Packard Enterprise worth $48,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Asset Management Inc. raised its position in Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after acquiring an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth about $105,185,000. Pacer Advisors Inc. raised its position in Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock worth $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. Nordea Investment Management AB raised its position in 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 worth $155,142,000 after acquiring an additional 1,885,559 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Hewlett Packard Enterprise by 61.6% in the third 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 in the last quarter. 80.78% of the stock is currently owned by institutional investors.

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Insider Activity at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,395 shares of company stock valued at $7,121,896. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HPE. Morgan Stanley dropped their price target on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft raised 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. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Bank of America dropped their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.21.

Hewlett Packard Enterprise Stock Down 11.9 %

Shares of NYSE HPE traded down $2.15 during trading hours on Friday, hitting $15.82. The stock had a trading volume of 81,923,511 shares, compared to its average volume of 14,855,802. The company has a market capitalization of $20.77 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.20. The firm's 50-day moving average price is $21.47 and its two-hundred day moving average price is $20.72. Hewlett Packard Enterprise has a 52 week low of $14.93 and a 52 week high of $24.66. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors 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 annualized dividend and a dividend yield of 3.29%. Hewlett Packard Enterprise's payout ratio is 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.