Renaissance Technologies LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 330.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,842,600 shares of the technology company's stock after buying an additional 2,182,800 shares during the period. Renaissance Technologies LLC owned approximately 0.22% of Hewlett Packard Enterprise worth $60,690,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $292,959,000. Norges Bank purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $119,067,000. Boston Partners lifted 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 during the period. Nordea Investment Management AB grew its position in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $34,778,000. 80.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on HPE shares. Wells Fargo & Company reduced their price objective on shares of 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. Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research note on Tuesday, April 8th. Bank of America decreased their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Susquehanna dropped their price target on 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, Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Ten 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.60.
Read Our Latest Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Trading Up 4.8 %
HPE traded up $0.69 on Tuesday, hitting $14.97. The company had a trading volume of 27,247,241 shares, compared to its average volume of 16,572,833. The company's fifty day moving average price is $17.39 and its 200 day moving average price is $20.04. The firm has a market cap of $19.66 billion, a P/E ratio of 7.88, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. 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 Announces Dividend
The company also recently declared 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 3.47%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Insider Activity
In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company's stock.
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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