Primecap Management Co. CA Trims Stake in Hewlett Packard Enterprise (NYSE:HPE)

Primecap Management Co. CA lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,902,400 shares of the technology company's stock after selling 2,452,456 shares during the quarter. Primecap Management Co. CA owned about 2.20% of Hewlett Packard Enterprise worth $617,066,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $32,000. R Squared Ltd purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $45,000. Finally, Quest Partners LLC acquired a new position in Hewlett Packard Enterprise during the third quarter valued at $50,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company's stock.

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Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.14 during midday trading on Friday, hitting $16.09. The stock had a trading volume of 47,405,474 shares, compared to its average volume of 15,087,650. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $20.49. The company has a market capitalization of $21.13 billion, a PE ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm 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 annualized dividend and a yield of 3.23%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Finally, Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.27.

Hewlett Packard Enterprise 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.