Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,318,537 shares of the technology company’s stock after selling 734,254 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hewlett Packard Enterprise were worth $28,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC grew its stake in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Asset Dedication LLC now owns 3,295 shares of the technology company’s stock worth $70,000 after buying an additional 652 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $45,000. Perigon Wealth Management LLC grew its position in shares of Hewlett Packard Enterprise by 4.3% during the fourth quarter. Perigon Wealth Management LLC now owns 40,793 shares of the technology company’s stock worth $955,000 after acquiring an additional 1,671 shares during the last quarter. Lebenthal Global Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after acquiring an additional 16,447 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $206,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.18 on Friday. The firm’s fifty day simple moving average is $22.13 and its 200-day simple moving average is $20.44. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $27.85 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Analysts Set New Price Targets

HPE has been the topic of a number of recent research reports. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital boosted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Profile

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.