Twin Capital Management Inc. Grows Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Twin Capital Management Inc. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,003 shares of the technology company’s stock after acquiring an additional 2,285 shares during the quarter. Twin Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock valued at $686,011,000 after purchasing an additional 681,242 shares during the period. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $292,959,000. Boston Partners grew its holdings in Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after acquiring an additional 2,058,562 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock valued at $208,055,000 after acquiring an additional 135,874 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $13.33 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $17.51 billion, a P/E ratio of 7.02, a P/E/G ratio of 2.03 and a beta of 1.20. The business’s 50 day moving average price is $18.43 and its 200-day moving average price is $20.33. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Wall Street Analyst Weigh In

HPE has been the topic of several recent analyst reports. Loop Capital reduced their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Susquehanna cut 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 report on Friday, March 7th. Finally, Daiwa Capital Markets lowered 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 report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.