Intech Investment Management LLC cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,197,406 shares of the technology company's stock after selling 494,110 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Hewlett Packard Enterprise worth $25,565,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $292,959,000. Eagle Asset Management Inc. raised its stake in shares of 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 worth $127,571,000 after buying an additional 5,629,006 shares during the period. Pacer Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock worth $560,274,000 after buying an additional 4,194,213 shares during the period. Nordea Investment Management AB raised its stake in shares of 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 buying an additional 1,885,559 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $34,778,000. 80.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HPE. Daiwa Capital Markets downgraded 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. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Barclays dropped their price target on 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. Finally, Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.27.
Read Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Trading Down 0.9 %
NYSE:HPE traded down $0.14 during trading hours on Friday, hitting $16.09. The company had a trading volume of 47,405,474 shares, compared to its average volume of 15,085,758. 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 company has a 50-day moving average of $20.22 and a 200 day moving average of $20.47. The company has a market cap of $21.13 billion, a P/E ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.
Insider Transactions at Hewlett Packard Enterprise
In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company's stock.
About Hewlett Packard Enterprise
(
Free Report)
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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