Prudential PLC lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 32.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 114,771 shares of the technology company's stock after selling 56,057 shares during the quarter. Prudential PLC's holdings in Hewlett Packard Enterprise were worth $2,450,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HPE. Geode Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after buying an additional 681,242 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $292,959,000. Boston Partners raised its stake in shares of Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after purchasing an additional 135,874 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in 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 purchasing an additional 1,885,559 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.
Hewlett Packard Enterprise Price Performance
Shares of HPE stock traded up $0.02 during mid-day trading on Friday, hitting $13.76. 7,583,529 shares of the stock traded hands, compared to its average volume of 16,402,176. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company's 50-day simple moving average is $17.67 and its 200-day simple moving average is $20.12. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 3.78%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on HPE shares. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Barclays dropped 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 report on Friday, March 7th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a report on Tuesday. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.60.
Check Out Our Latest Stock Analysis on HPE
Insider Transactions at Hewlett Packard Enterprise
In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Company 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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