Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,420,550 shares of the technology company’s stock after selling 2,281,225 shares during the period. Vanguard Group Inc. owned approximately 12.50% of Hewlett Packard Enterprise worth $3,510,379,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HPE. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after purchasing an additional 251,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hewlett Packard Enterprise by 6.2% in the 3rd 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 acquiring an additional 921,624 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $292,959,000. Boston Partners boosted its position in shares of Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 135,874 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.56 on Wednesday. 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 $21.75 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock’s 50-day moving average is $19.99 and its two-hundred day moving average is $20.48. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.14%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HPE shares. Susquehanna decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $21.27.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently 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.