Wellington Management Group LLP trimmed its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,741 shares of the technology company's stock after selling 28,927 shares during the quarter. Wellington Management Group LLP's holdings in Hewlett Packard Enterprise were worth $5,724,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after acquiring an additional 23,035,594 shares during the period. Marshall Wace LLP boosted its stake in Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after purchasing an additional 8,560,086 shares during the period. Eagle Asset Management Inc. grew its holdings in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after buying an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $105,185,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock worth $90,387,000 after buying an additional 3,291,880 shares in the last quarter. Institutional investors own 80.78% of the company's stock.
Insider Transactions at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 717,601 shares of company stock valued at $15,140,976. Corporate insiders own 0.40% of the company's stock.
Hewlett Packard Enterprise Trading Down 1.3 %
NYSE:HPE traded down $0.29 during midday trading on Tuesday, hitting $21.57. The stock had a trading volume of 13,269,443 shares, compared to its average volume of 15,287,306. The stock has a 50-day moving average of $21.11 and a 200 day moving average of $20.10. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors 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 2.41%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's payout ratio is 27.37%.
Analyst Upgrades and Downgrades
Several research firms have commented on HPE. StockNews.com raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a report on Monday, December 9th. Susquehanna restated a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price for the company. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.79.
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Hewlett Packard Enterprise Profile
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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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