Hewlett Packard Enterprise (NYSE:HPE) Stake Lowered by Dodge & Cox

Dodge & Cox cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,675 shares of the technology company's stock after selling 56,108 shares during the quarter. Dodge & Cox's holdings in Hewlett Packard Enterprise were worth $2,897,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $32,000. Conquis Financial LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $45,000. Finally, Tompkins Financial Corp raised its position in shares of Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded down $0.47 during trading hours on Monday, hitting $14.67. 3,694,911 shares of the stock traded hands, compared to its average volume of 16,739,595. The stock has a 50-day simple moving average of $16.89 and a 200 day simple moving average of $19.89. The company has a market cap of $19.27 billion, a P/E ratio of 7.72, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. 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 Announces Dividend

The company also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HPE shares. Daiwa Capital Markets downgraded 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. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Susquehanna cut their price objective 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. Wells Fargo & Company decreased 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 report on Friday, March 7th. Finally, Barclays cut their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a 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 issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus price target of $20.60.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction on Friday, April 4th. The stock was 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 can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

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.