KLP Kapitalforvaltning AS Buys Shares of 420,611 Hewlett Packard Enterprise (NYSE:HPE)

KLP Kapitalforvaltning AS purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 420,611 shares of the technology company's stock, valued at approximately $9,027,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. grew its stake in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after acquiring an additional 440 shares during the period. Lakewood Asset Management LLC lifted its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after buying an additional 457 shares during the period. Essex Financial Services Inc. boosted its stake in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after acquiring an additional 475 shares during the last quarter. Finally, Aviso Financial Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after acquiring an additional 490 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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Hewlett Packard Enterprise Stock Up 0.5 %

Shares of HPE stock traded up $0.08 during trading hours on Tuesday, hitting $16.56. 21,197,750 shares of the company were exchanged, compared to its average volume of 15,140,970. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The business's 50-day simple moving average is $20.11 and its two-hundred day simple moving average is $20.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.14%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction that occurred 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. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. 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 report on Thursday, December 19th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Morgan Stanley reduced their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Barclays reduced their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

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.