Aster Capital Management DIFC Ltd Acquires New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Aster Capital Management DIFC Ltd acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,490 shares of the technology company’s stock, valued at approximately $1,462,000.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $292,959,000. Norges Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $119,067,000. Boston Partners boosted its position in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the period. Nordea Investment Management AB boosted its position in 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 worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $34,778,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Susquehanna cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Loop Capital lowered their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Wells Fargo & Company dropped their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Finally, 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 note on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

HPE opened at $12.78 on Friday. The stock has a market cap of $16.78 billion, a PE ratio of 6.72, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The stock’s 50 day simple moving average is $18.63 and its 200-day simple moving average is $20.35. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

About Hewlett Packard Enterprise

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.