Knights of Columbus Asset Advisors LLC Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Knights of Columbus Asset Advisors LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,493 shares of the technology company's stock after buying an additional 25,621 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Hewlett Packard Enterprise were worth $1,847,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mather Group LLC. increased its stake in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after buying an additional 440 shares in the last quarter. Lakewood Asset Management LLC increased its position in shares of 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 purchasing an additional 457 shares in the last quarter. Essex Financial Services Inc. raised 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 valued at $286,000 after purchasing an additional 461 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after purchasing an additional 475 shares in the last quarter. Finally, Aviso Financial Inc. boosted its stake in 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 purchasing an additional 490 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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Hewlett Packard Enterprise Stock Up 0.5 %

HPE stock traded up $0.08 during trading on Tuesday, hitting $16.56. 20,792,432 shares of the company's stock were exchanged, compared to its average volume of 15,145,075. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.03 and a beta of 1.20. 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 $14.64 and a 52-week high of $24.66. The business has a 50-day moving average price of $20.11 and a two-hundred day moving average price of $20.49.

Hewlett Packard Enterprise Dividend Announcement

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

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, March 10th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company lowered their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.27.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the firm'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 value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company's stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company's stock.

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.