Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 572,211 shares of the technology company's stock after buying an additional 22,483 shares during the period. Royal London Asset Management Ltd.'s holdings in Hewlett Packard Enterprise were worth $12,217,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kathmere Capital Management LLC increased its holdings in 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 valued at $544,000 after purchasing an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying an additional 16,447 shares during the period. Nordea Investment Management AB grew its stake in shares of 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 valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after buying an additional 401,016 shares during the period. Finally, USA Financial Formulas acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $617,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays decreased their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.27.

Hewlett Packard Enterprise Stock Up 0.5 %

Hewlett Packard Enterprise stock traded up $0.08 during mid-day trading on Tuesday, hitting $16.56. The company had a trading volume of 21,197,750 shares, compared to its average volume of 15,140,970. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The business has a fifty day moving average of $19.99 and a 200 day moving average of $20.48. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.14%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Company 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.