Westpac Banking Corp grew its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 85.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,000 shares of the technology company's stock after buying an additional 30,869 shares during the quarter. Westpac Banking Corp's holdings in Hewlett Packard Enterprise were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of HPE. Kathmere Capital Management LLC increased its stake in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after purchasing an additional 11,869 shares during the period. Lebenthal Global Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock valued at $771,000 after purchasing an additional 16,447 shares in the last quarter. Nordea Investment Management AB increased 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 buying an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock worth $19,545,000 after buying an additional 401,016 shares in the last quarter. Finally, Korea Investment CORP boosted its position in Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after buying an additional 77,244 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.
Insider Transactions at Hewlett Packard Enterprise
In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of Hewlett Packard Enterprise stock traded up $1.99 on Wednesday, hitting $14.50. The stock had a trading volume of 39,482,193 shares, compared to its average volume of 16,409,211. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 7.63, a P/E/G 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. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company's 50 day moving average price is $17.80 and its 200 day moving average price is $20.16.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on HPE shares. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research 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 on the stock. in a report on Tuesday. Finally, Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus price target of $20.60.
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Hewlett Packard Enterprise Profile
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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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