DigitalBridge Group Inc. Has $48.21 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

DigitalBridge Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 37.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,257,824 shares of the technology company's stock after purchasing an additional 612,981 shares during the quarter. Hewlett Packard Enterprise accounts for 3.4% of DigitalBridge Group Inc.'s holdings, making the stock its 8th largest position. DigitalBridge Group Inc. owned 0.17% of Hewlett Packard Enterprise worth $48,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Principal Financial Group Inc. boosted its position in shares of Hewlett Packard Enterprise by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company's stock worth $31,939,000 after acquiring an additional 68,892 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hewlett Packard Enterprise by 57.2% in the 4th quarter. GAMMA Investing LLC now owns 15,521 shares of the technology company's stock valued at $331,000 after purchasing an additional 5,646 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its position in shares of Hewlett Packard Enterprise by 23.8% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 20,776 shares of the technology company's stock worth $444,000 after buying an additional 4,000 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Hewlett Packard Enterprise by 27.7% during the 4th quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company's stock worth $288,000 after buying an additional 2,928 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company. in a research note on Tuesday, April 8th. Susquehanna dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Loop Capital dropped their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Ten 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Trading Down 0.2 %

HPE stock traded down $0.03 during midday trading on Friday, hitting $16.84. The stock had a trading volume of 15,585,243 shares, compared to its average volume of 17,112,523. 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 cap of $22.12 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The business has a fifty day moving average price of $15.54 and a two-hundred day moving average price of $19.45. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.