Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in Hewlett Packard Enterprise (NYSE:HPE) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,197,406 shares of the technology company’s stock after selling 494,110 shares during the period. Intech Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $25,565,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HPE. Geode Capital Management LLC increased its position in Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $292,959,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after buying an additional 135,874 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Loop Capital decreased 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 Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Susquehanna decreased their price target 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. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $15.88 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month high of $24.66. The firm’s 50 day moving average price is $20.70 and its two-hundred day moving average price is $20.58. The firm has a market cap of $20.85 billion, a P/E ratio of 8.36, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.28%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is owned by corporate 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.