Treasurer of the State of North Carolina Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Treasurer of the State of North Carolina grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,410 shares of the technology company’s stock after purchasing an additional 8,974 shares during the period. Treasurer of the State of North Carolina owned about 0.06% of Hewlett Packard Enterprise worth $16,000,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HPE. Geode Capital Management LLC increased its stake in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after buying an additional 681,242 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $292,959,000. Boston Partners boosted its holdings in Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after purchasing an additional 135,874 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in 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 purchasing an additional 1,885,559 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.8 %

HPE stock opened at $14.12 on Friday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. 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 company has a market cap of $18.55 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a fifty day moving average price of $17.54 and a 200 day moving average price of $20.08.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.68%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research report on Tuesday. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. 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 research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.60.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by company 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.