Minneapolis Portfolio Management Group LLC Has $15.19 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Minneapolis Portfolio Management Group LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 711,402 shares of the technology company's stock after acquiring an additional 16,461 shares during the quarter. Hewlett Packard Enterprise comprises about 2.0% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 29th largest holding. Minneapolis Portfolio Management Group LLC owned approximately 0.05% of Hewlett Packard Enterprise worth $15,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Kathmere Capital Management LLC increased its holdings in shares of 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 position in Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying 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 acquiring an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC raised its holdings in Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after acquiring an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $617,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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Insiders Place Their Bets

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 transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company's stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 0.5 %

Hewlett Packard Enterprise stock traded up $0.08 during trading hours on Tuesday, hitting $16.56. The stock had a trading volume of 21,197,750 shares, compared to its average volume of 15,140,970. The business's 50 day simple moving average is $19.99 and its 200-day simple moving average is $20.48. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.14%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HPE shares. Wells Fargo & Company cut 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 report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Bank of America lowered their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.27.

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.