Legal & General Group Plc lowered its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,495,934 shares of the technology company's stock after selling 3,873,872 shares during the period. Legal & General Group Plc owned approximately 1.10% of Hewlett Packard Enterprise worth $309,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Hewlett Packard Enterprise by 4.7% in the fourth quarter. Cerity Partners LLC now owns 316,540 shares of the technology company's stock worth $6,711,000 after acquiring an additional 14,338 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $1,462,000. Gator Capital Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $224,000. Resona Asset Management Co. Ltd. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $8,361,000. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $303,000. Hedge funds and other institutional investors own 80.78% of the company's stock.
Insider Transactions at Hewlett Packard Enterprise
In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently commented on HPE shares. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a report on Tuesday, April 8th. Susquehanna decreased 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 research report on Friday, March 7th. Barclays cut their target price on shares of 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. Wells Fargo & Company decreased their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, Loop Capital reduced their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average target price of $20.60.
Read Our Latest Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
NYSE HPE traded up $0.39 on Monday, reaching $14.53. The company's stock had a trading volume of 5,837,677 shares, compared to its average volume of 16,458,523. The business has a 50-day moving average price of $17.54 and a 200 day moving average price of $20.08. 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 firm has a market cap of $19.09 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.
Hewlett Packard Enterprise Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.
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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