Hewlett Packard Enterprise (NYSE:HPE) Stock Holdings Lessened by Rodgers Brothers Inc.

Rodgers Brothers Inc. cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,300 shares of the technology company’s stock after selling 4,000 shares during the period. Rodgers Brothers Inc.’s holdings in Hewlett Packard Enterprise were worth $2,825,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth $50,000. Fisher Asset Management LLC increased its position in Hewlett Packard Enterprise by 211.1% in the 3rd quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after purchasing an additional 23,053 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $404,000. Fiduciary Trust Co lifted its holdings in shares of Hewlett Packard Enterprise by 12.1% during the 3rd quarter. Fiduciary Trust Co now owns 32,046 shares of the technology company’s stock valued at $656,000 after buying an additional 3,450 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Hewlett Packard Enterprise by 13.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,555 shares of the technology company’s stock valued at $1,157,000 after buying an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $15.80 on Monday. The firm’s 50-day moving average is $19.55 and its 200-day moving average is $20.46. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.03 and a beta of 1.20. 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.

Hewlett Packard Enterprise Announces Dividend

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 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 3.29%. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HPE shares. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley lowered their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. 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 research note on Wednesday, March 12th. Finally, Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.