Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,239,170 shares of the technology company's stock after selling 645,080 shares during the quarter. LSV Asset Management owned approximately 1.08% of Hewlett Packard Enterprise worth $304,006,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. Kathmere Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 87.2% during the 4th 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 increased 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 during the period. Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Korea Investment CORP increased its stake 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. Finally, Nisa Investment Advisors LLC lifted its stake in shares of 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 worth $19,545,000 after acquiring an additional 401,016 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HPE shares. Barclays lowered their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a report on Tuesday, April 8th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Trading Up 4.3 %

NYSE:HPE traded up $0.61 on Tuesday, hitting $14.89. 29,538,748 shares of the stock were exchanged, compared to its average volume of 16,581,810. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The stock has a fifty day moving average of $17.39 and a 200-day moving average of $20.04. 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 stock has a market cap of $19.56 billion, a PE ratio of 7.84, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company's stock.

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.