O Shaughnessy Asset Management LLC Purchases 181,738 Shares of Hewlett Packard Enterprise (NYSE:HPE)

O Shaughnessy Asset Management LLC grew its position in Hewlett Packard Enterprise (NYSE:HPE) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 705,789 shares of the technology company’s stock after acquiring an additional 181,738 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.05% of Hewlett Packard Enterprise worth $15,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $50,000. Finally, Tompkins Financial Corp grew its position in Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,300 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction 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. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.9 %

Shares of Hewlett Packard Enterprise stock opened at $15.80 on Monday. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year 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 stock has a market cap of $20.75 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.03 and a beta of 1.20. The firm’s 50-day moving average is $19.55 and its two-hundred day moving average is $20.46.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HPE shares. Susquehanna lowered their price objective on 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. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Loop Capital lowered their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise 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.