Ethic Inc. Sells 19,546 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Ethic Inc. trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,358 shares of the technology company's stock after selling 19,546 shares during the quarter. Ethic Inc.'s holdings in Hewlett Packard Enterprise were worth $5,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Kathmere Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after acquiring an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after purchasing an additional 16,447 shares during the last quarter. Korea Investment CORP increased its holdings in Hewlett Packard Enterprise by 8.3% in the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after purchasing an additional 77,244 shares during the period. Nisa Investment Advisors LLC raised its position in Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock worth $19,545,000 after purchasing an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $617,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Daiwa Capital Markets cut 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. Bank of America lowered their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Susquehanna cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Trading Down 0.2 %

NYSE HPE opened at $16.84 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The business has a 50 day moving average price of $15.54 and a 200-day moving average price of $19.45. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.36% 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.

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