Vanguard Group Inc. Trims Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Vanguard Group Inc. lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,420,550 shares of the technology company’s stock after selling 2,281,225 shares during the period. Vanguard Group Inc. owned about 0.13% of Hewlett Packard Enterprise worth $3,510,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $50,000. Cerity Partners LLC raised its position in Hewlett Packard Enterprise by 104.7% in the 3rd quarter. Cerity Partners LLC now owns 302,202 shares of the technology company’s stock valued at $6,184,000 after purchasing an additional 154,563 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth $155,000. Daiwa Securities Group Inc. increased its stake in Hewlett Packard Enterprise by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock valued at $3,368,000 after purchasing an additional 16,205 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after buying an additional 23,053 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley dropped their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Susquehanna lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Trading Up 0.5 %

Shares of HPE stock opened at $16.56 on Wednesday. The stock has a market cap 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 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 fifty-two week low of $14.64 and a fifty-two week high of $24.66. The business has a fifty day simple moving average of $19.99 and a 200-day simple moving average of $20.48.

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 given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

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.