World Investment Advisors purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,785 shares of the technology company's stock, valued at approximately $593,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after buying an additional 681,242 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $292,959,000. Boston Partners boosted its stake in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after acquiring an additional 2,058,562 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after purchasing an additional 135,874 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 35.1% during 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 purchasing an additional 1,885,559 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of HPE traded up $0.38 during trading hours on Friday, hitting $14.12. The stock had a trading volume of 23,789,192 shares, compared to its average volume of 16,486,808. The firm has a market capitalization of $18.55 billion, a PE ratio of 7.43, a PEG ratio of 2.03 and a beta of 1.20. 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 $11.97 and a 12 month high of $24.66. The stock has a fifty day moving average price of $17.54 and a 200 day moving average price of $20.08.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid 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 dividend yield of 3.68%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price on the stock. in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. 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, Bank of America reduced 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 research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.60.
Read Our Latest Analysis on HPE
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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