OFI Invest Asset Management bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,686,768 shares of the technology company's stock, valued at approximately $34,778,000. OFI Invest Asset Management owned about 0.13% of Hewlett Packard Enterprise as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $32,000. Finally, R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $45,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction dated Monday, January 6th. The shares were 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 owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,395 shares of company stock valued at $7,121,896. 0.36% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Price Performance
Shares of NYSE HPE traded down $2.15 during midday trading on Friday, reaching $15.82. 81,923,511 shares of the company were exchanged, compared to its average volume of 14,855,802. The stock's 50-day moving average price is $21.47 and its 200-day moving average price is $20.73. The stock has a market cap of $20.77 billion, a P/E ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.93 and a one year high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.
Hewlett Packard Enterprise Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.29%. Hewlett Packard Enterprise's payout ratio is presently 25.37%.
Analyst Ratings Changes
HPE has been the topic of several recent research reports. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Bank of America lowered 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 report on Friday. Wells Fargo & Company lowered their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday. Finally, Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Seven 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.21.
Read Our Latest Research Report on HPE
Hewlett Packard Enterprise Profile
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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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