Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Korea Investment CORP

Korea Investment CORP increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,003,921 shares of the technology company’s stock after buying an additional 77,244 shares during the quarter. Korea Investment CORP owned about 0.08% of Hewlett Packard Enterprise worth $21,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HPE. Geode Capital Management LLC raised its position in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hewlett Packard Enterprise by 6.2% during 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 purchasing an additional 921,624 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $292,959,000. Boston Partners raised 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 valued at $276,075,000 after buying an additional 2,058,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 135,874 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPE has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Wells Fargo & Company dropped their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Barclays decreased their target price 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. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise 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 sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.9 %

Shares of NYSE:HPE opened at $15.80 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The firm’s 50 day moving average price is $19.55 and its 200 day moving average price is $20.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 dividend yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 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.