Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 149.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,045 shares of the technology company's stock after purchasing an additional 74,320 shares during the period. Sterling Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $2,648,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HPE. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $292,959,000. Norges Bank purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $119,067,000. Renaissance Technologies LLC increased its position in shares of Hewlett Packard Enterprise by 330.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company's stock worth $60,690,000 after acquiring an additional 2,182,800 shares in the last quarter. Boston Partners lifted its holdings 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 acquiring an additional 2,058,562 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position 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 purchasing an additional 1,885,559 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.25 during mid-day trading on Friday, reaching $15.13. The company's stock had a trading volume of 22,456,784 shares, compared to its average volume of 16,772,029. 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 twelve month low of $11.97 and a twelve month high of $24.66. The business has a 50 day moving average price of $16.89 and a 200-day moving average price of $19.90. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Analysts Set New Price Targets

HPE has been the topic of several research reports. Barclays cut their price objective on 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. Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research report on Tuesday, April 8th. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Susquehanna lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.