Resona Asset Management Co. Ltd. bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 390,855 shares of the technology company's stock, valued at approximately $8,361,000.
Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after buying an additional 681,242 shares during the period. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $292,959,000. Boston Partners boosted its holdings in Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after acquiring an additional 2,058,562 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock valued at $208,055,000 after purchasing an additional 135,874 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Hewlett Packard Enterprise by 35.1% in the 4th 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 during the period. 80.78% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. 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. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Finally, Bank of America reduced their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Hold" and a consensus price target of $20.60.
View Our Latest Research Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of NYSE HPE traded up $0.38 during midday trading on Friday, hitting $14.12. 23,789,192 shares of the company's stock traded hands, compared to its average volume of 16,496,615. The firm has a fifty day moving average of $17.54 and a 200 day moving average of $20.08. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. 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 stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.
Hewlett Packard Enterprise Dividend Announcement
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 issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.68%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
About Hewlett Packard Enterprise
(
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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