Grantham Mayo Van Otterloo & Co. LLC Has $46.55 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in Hewlett Packard Enterprise (NYSE:HPE) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,180,399 shares of the technology company’s stock after selling 248,833 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.17% of Hewlett Packard Enterprise worth $46,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $32,000. Conquis Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. Finally, Tompkins Financial Corp boosted its holdings in Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the 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 owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several recent analyst reports. Morgan Stanley dropped 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. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Nine research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $12.78 on Friday. 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 one year low of $11.97 and a one year high of $24.66. The firm has a market capitalization of $16.78 billion, a P/E ratio of 6.72, a PEG ratio of 2.03 and a beta of 1.20. The business has a fifty day moving average price of $18.63 and a 200-day moving average price of $20.34.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

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.