Lazard Asset Management LLC lifted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,276 shares of the technology company's stock after purchasing an additional 136,936 shares during the period. Lazard Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $292,959,000. Norges Bank purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $119,067,000. Slate Path Capital LP raised its position in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the period. Northern Trust Corp raised its position in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at $60,040,000. 80.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on HPE. Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company 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 price objective for the company. in a research note on Wednesday, March 12th. Susquehanna decreased their target price on 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. Barclays lowered their price target on 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. Finally, Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday. 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 stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus target price of $21.13.
Check Out Our Latest Stock Report on Hewlett Packard Enterprise
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Trading Up 1.9%
HPE stock traded up $0.33 during trading on Tuesday, reaching $17.79. 4,971,947 shares of the stock were exchanged, compared to its average volume of 17,209,185. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 2.03 and a beta of 1.29. The business has a 50 day moving average price of $15.71 and a 200-day moving average price of $19.36. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The business 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 dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.
About Hewlett Packard Enterprise
(
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.
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