Ceredex Value Advisors LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,607,100 shares of the technology company's stock, valued at approximately $34,312,000. Ceredex Value Advisors LLC owned approximately 0.12% of Hewlett Packard Enterprise at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $292,959,000. Norges Bank bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $119,067,000. Renaissance Technologies LLC boosted its holdings in shares of Hewlett Packard Enterprise by 330.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company's stock valued at $60,690,000 after purchasing an additional 2,182,800 shares during the period. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of NYSE:HPE traded down $0.58 during midday trading on Monday, hitting $14.56. The stock had a trading volume of 5,265,130 shares, compared to its average volume of 16,747,450. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The stock has a 50 day moving average price of $16.89 and a two-hundred day moving average price of $19.89. The company has a market capitalization of $19.13 billion, a PE ratio of 7.66, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.57%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HPE. Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Susquehanna cut their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average target price of $20.60.
Read Our Latest Research Report on HPE
Hewlett Packard Enterprise Company Profile
(
Free Report)
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.
Read More
Before you consider Hewlett Packard Enterprise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hewlett Packard Enterprise wasn't on the list.
While Hewlett Packard Enterprise currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
