Wellington Management Group LLP trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 46.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,127 shares of the technology company's stock after selling 130,614 shares during the quarter. Wellington Management Group LLP's holdings in Hewlett Packard Enterprise were worth $3,184,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. raised its holdings in 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 purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. grew its holdings 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 worth $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. raised its position in Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after purchasing an additional 475 shares during the period. Finally, Aviso Financial Inc. lifted its position in shares of Hewlett Packard Enterprise by 0.9% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.
Insider Activity at Hewlett Packard Enterprise
In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on HPE shares. StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, March 10th. Barclays cut their price target on 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. Wells Fargo & Company lowered their target price 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. Finally, Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.60.
Check Out Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Trading Down 0.2 %
NYSE:HPE traded down $0.03 during trading hours on Thursday, reaching $14.85. The company's stock had a trading volume of 3,382,372 shares, compared to its average volume of 16,658,356. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 2.03 and a beta of 1.20. The firm has a 50-day simple moving average of $17.14 and a 200-day simple moving average of $19.97. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.
Hewlett Packard Enterprise Profile
(
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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