Geode Capital Management LLC Has $642.75 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,492,740 shares of the technology company's stock after purchasing an additional 251,076 shares during the quarter. Geode Capital Management LLC owned about 2.42% of Hewlett Packard Enterprise worth $642,748,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital Investment Counsel Inc increased its holdings in shares of Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. grew its position in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after buying an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after acquiring an additional 536 shares during the period. Avior Wealth Management LLC raised its holdings in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after acquiring an additional 579 shares in the last quarter. Finally, Bailard Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after acquiring an additional 580 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock remained flat at $21.83 during trading hours on Friday. The stock had a trading volume of 10,278,475 shares, compared to its average volume of 15,267,709. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. 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 company has a 50 day moving average price of $21.05 and a 200-day moving average price of $20.00. The firm has a market cap of $28.34 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is 27.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.79.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 717,601 shares of company stock worth $15,140,976. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Company 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.