Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,003,921 shares of the technology company’s stock after acquiring an additional 77,244 shares during the period. Korea Investment CORP’s holdings in Hewlett Packard Enterprise were worth $21,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after buying an additional 251,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after acquiring an additional 921,624 shares during the period. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $292,959,000. Boston Partners boosted its stake in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Hewlett Packard Enterprise by 1.4% during the 4th 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 last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of Hewlett Packard Enterprise stock opened at $15.80 on Friday. The company has a 50-day moving average of $19.55 and a two-hundred day moving average of $20.43. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.75 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company cut their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Nine 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

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.