UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,210,892 shares of the technology company's stock after selling 485,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.16% of Hewlett Packard Enterprise worth $324,753,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. lifted its position in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after acquiring an additional 440 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. lifted its holdings in Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock worth $1,335,000 after purchasing an additional 475 shares in the last quarter. Aviso Financial Inc. boosted its stake in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after purchasing an additional 490 shares during the period. Finally, Forum Financial Management LP grew its holdings in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after buying an additional 515 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $17.55 on Thursday. The firm has a market capitalization of $23.05 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. 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 has a 12 month low of $11.97 and a 12 month high of $24.66. The business's 50-day moving average price is $15.80 and its 200-day moving average price is $19.34.

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 given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of research firms have recently commented on HPE. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research report on Tuesday. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. 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 MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,409 shares of the 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 SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

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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