Vinva Investment Management Ltd Sells 218,767 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Vinva Investment Management Ltd lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 68.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,916 shares of the technology company's stock after selling 218,767 shares during the quarter. Vinva Investment Management Ltd's holdings in Hewlett Packard Enterprise were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at $25,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $32,000. R Squared Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $45,000. Finally, Quest Partners LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at about $50,000. 80.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Remove Ads

Hewlett Packard Enterprise Trading Up 0.5 %

NYSE HPE traded up $0.08 on Tuesday, hitting $16.56. 21,197,750 shares of the stock were exchanged, compared to its average volume of 15,145,075. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The firm has a market capitalization of $21.75 billion, a P/E ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20. The stock has a fifty day moving average price of $20.11 and a two-hundred day moving average price of $20.49.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors 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 annualized dividend and a yield of 3.14%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPE. Morgan Stanley dropped their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Bank of America cut their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. 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. Finally, Wells Fargo & Company decreased their price target 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. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.27.

Hewlett Packard Enterprise 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.