CANADA LIFE ASSURANCE Co increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,285,342 shares of the technology company's stock after acquiring an additional 178,516 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.17% of Hewlett Packard Enterprise worth $48,766,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in shares of Hewlett Packard Enterprise by 1.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 76,144 shares of the technology company's stock worth $1,626,000 after acquiring an additional 1,101 shares in the last quarter. Farringdon Capital Ltd. bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $325,000. Zacks Investment Management raised its stake in Hewlett Packard Enterprise by 16.5% during the fourth quarter. Zacks Investment Management now owns 17,211 shares of the technology company's stock valued at $367,000 after purchasing an additional 2,440 shares in the last quarter. Marshall Wace LLP lifted its position in Hewlett Packard Enterprise by 26.2% during the fourth quarter. Marshall Wace LLP now owns 4,663,146 shares of the technology company's stock valued at $99,558,000 after purchasing an additional 968,467 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 3.7% in the 4th quarter. NewEdge Advisors LLC now owns 186,644 shares of the technology company's stock worth $3,985,000 after buying an additional 6,744 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Stock Up 5.2 %
Shares of HPE traded up $0.80 during midday trading on Thursday, reaching $16.15. 5,890,367 shares of the stock were exchanged, compared to its average volume of 20,276,592. 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's 50 day moving average is $16.52 and its two-hundred day moving average is $19.79. The company has a market capitalization of $21.22 billion, a P/E ratio of 8.50, a PEG 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.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.22%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley cut 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, April 8th. Susquehanna decreased their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Finally, Barclays reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and an average target price of $20.60.
Check Out Our Latest Research Report on HPE
Insider Activity
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company's stock.
About Hewlett Packard Enterprise
(
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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