OVERSEA CHINESE BANKING Corp Ltd Decreases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 96.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,366 shares of the technology company's stock after selling 439,158 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Hewlett Packard Enterprise were worth $307,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Kathmere Capital Management LLC grew its position in Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after purchasing an additional 11,869 shares during the period. Lebenthal Global Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying an additional 16,447 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC increased its position in Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after acquiring an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $617,000. 80.78% of the stock is currently owned by institutional investors.

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Hewlett Packard Enterprise Price Performance

HPE traded up $0.08 on Tuesday, hitting $16.56. 21,197,750 shares of the company's stock traded hands, compared to its average volume of 15,145,075. The company's 50 day simple moving average is $20.11 and its 200-day simple moving average is $20.49. 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 one year low of $14.64 and a one year high of $24.66. The firm has a market cap 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 Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

HPE has been the subject of a number of recent research reports. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Morgan Stanley cut their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Barclays decreased their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.