Pitcairn Co. Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Pitcairn Co. increased its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 81.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,603 shares of the technology company's stock after purchasing an additional 82,531 shares during the period. Pitcairn Co.'s holdings in Hewlett Packard Enterprise were worth $3,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HPE. Townsquare Capital LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $404,000. Public Sector Pension Investment Board boosted its stake in shares of Hewlett Packard Enterprise by 13.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,555 shares of the technology company's stock worth $1,157,000 after buying an additional 6,600 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Hewlett Packard Enterprise by 21.6% during the 3rd quarter. Captrust Financial Advisors now owns 93,735 shares of the technology company's stock worth $1,918,000 after buying an additional 16,660 shares during the last quarter. Ascent Group LLC raised its holdings in Hewlett Packard Enterprise by 14.5% during the third quarter. Ascent Group LLC now owns 17,923 shares of the technology company's stock worth $367,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its position in Hewlett Packard Enterprise by 46.2% during the third quarter. Hilltop Holdings Inc. now owns 83,817 shares of the technology company's stock worth $1,715,000 after acquiring an additional 26,488 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

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Wall Street Analysts Forecast Growth

HPE has been the topic of several research analyst reports. Barclays dropped 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. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price on the stock. in a report on Tuesday. Susquehanna cut their price objective 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. Finally, Loop Capital cut 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 report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.60.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of Hewlett Packard Enterprise stock traded down $0.18 during trading on Tuesday, reaching $13.15. 10,139,869 shares of the company traded hands, compared to its average volume of 16,192,071. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The firm has a market capitalization of $17.28 billion, a PE ratio of 6.90, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a 50 day moving average price of $18.43 and a 200-day moving average price of $20.33.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.95%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

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.