Janus Henderson Group PLC Trims Position in Hewlett Packard Enterprise (NYSE:HPE)

Janus Henderson Group PLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 186,045 shares of the technology company's stock after selling 15,524 shares during the period. Janus Henderson Group PLC's holdings in Hewlett Packard Enterprise were worth $3,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HPE. Park Avenue Securities LLC lifted its stake in shares of Hewlett Packard Enterprise by 15.7% during the fourth quarter. Park Avenue Securities LLC now owns 35,258 shares of the technology company's stock valued at $753,000 after buying an additional 4,774 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $800,000. Merit Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $504,000. HB Wealth Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 1.7% during the fourth quarter. HB Wealth Management LLC now owns 89,560 shares of the technology company's stock valued at $1,912,000 after buying an additional 1,516 shares during the period. Finally, Krilogy Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $235,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating 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 note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $20.60.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $17.45 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a fifty day moving average of $15.71 and a 200-day moving average of $19.36. The firm has a market capitalization of $22.92 billion, a P/E ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is 25.37%.

Hewlett Packard Enterprise Company 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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