AIA Group Ltd Lowers Holdings in Hewlett Packard Enterprise (NYSE:HPE)

AIA Group Ltd reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,260 shares of the technology company’s stock after selling 3,011 shares during the period. AIA Group Ltd’s holdings in Hewlett Packard Enterprise were worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. R Squared Ltd bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $45,000. Tompkins Financial Corp grew its stake in Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after buying an additional 2,300 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $68,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.8 %

NYSE HPE opened at $15.51 on Tuesday. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The stock has a market capitalization of $20.37 billion, a PE ratio of 8.16, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business’s 50-day moving average is $19.40 and its 200 day moving average is $20.45.

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 given 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 3.35%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital reduced their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Nine investment 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 company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity

In related 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 transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing 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.