Wellington Management Group LLP Sells 130,614 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Wellington Management Group LLP decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 149,127 shares of the technology company's stock after selling 130,614 shares during the period. Wellington Management Group LLP's holdings in Hewlett Packard Enterprise were worth $3,184,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after buying an additional 251,076 shares during the period. Raymond James Financial Inc. bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $292,959,000. Boston Partners increased its position in shares of Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock valued at $208,055,000 after purchasing an additional 135,874 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in 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. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 5.2 %

Shares of NYSE:HPE traded up $0.74 during trading on Tuesday, reaching $15.02. 48,635,934 shares of the company traded hands, compared to its average volume of 16,654,254. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The business's fifty day moving average is $17.39 and its 200-day moving average is $20.04. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPE. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" 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 research note 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 research note on Thursday, December 19th. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Barclays cut their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Ten investment 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. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average price target of $20.60.

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.