Rhumbline Advisers Has $52.18 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Rhumbline Advisers trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,444,062 shares of the technology company's stock after selling 49,686 shares during the quarter. Rhumbline Advisers owned 0.19% of Hewlett Packard Enterprise worth $52,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after acquiring an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after acquiring an additional 16,447 shares in the last quarter. Nordea Investment Management AB boosted its holdings 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 acquiring an additional 1,885,559 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $861,000. Finally, National Pension Service boosted its holdings in shares of Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock worth $65,528,000 after acquiring an additional 472,885 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company's stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 in the last three months. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Down 2.6 %

HPE stock traded down $0.58 during trading hours on Friday, reaching $21.17. 7,810,739 shares of the stock were exchanged, compared to its average volume of 14,173,455. The firm's 50-day moving average is $21.96 and its 200-day moving average is $20.58. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

Analysts Set New Price Targets

Several research firms have issued reports on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.00.

About Hewlett Packard Enterprise

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.